Delivery startup Instacart seeks US$10bil IPO amid industry woes

📆 11/9/2023 03:57:00
📰 fmtoday

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 72%

Argentina Noticias Noticias

Argentina Últimas Noticias,Argentina Titulares

The valuation is significantly lower than the previous estimate of US$39 billion in 2021.

Instacart’s revenues spiked during the Covid pandemic, but businesses have dropped, leading to a cut in its workforce.

The company is to start pitching its initial public offering to investors at the lower valuation as early as Monday, “in the latest sign of diminished investor enthusiasm” for tech IPOs, the financial daily reported, citing sources close to the matter. The valuation — which the company is targeting at US$8.6 to US$9.2 billion — could change between now and then as the company receives investor feedback, the Journal reported.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Escribir Comentario

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

WSJ: Instacart seeks US$10b valuation amid industry woesNEW YORK, Sept 11 — US grocery delivery startup Instacart is seeking a valuation of under US$10 billion as it goes public later this month, the Wall Street Journal reported...
Fuente: malaymail - 🏆 1. / 86 Leer más »