:Grocery delivery app Instacart on Friday revealed a 31 per cent jump in revenue for the first half of the year as it made public its filing for a stock market flotation in New York, setting the stage for one of the most anticipated listings in recent years.
Offering a detailed look into its finances for the first time, Instacart said its revenue had surged 31 per cent to $1.48 billion in the six months ended June 30. Initial public offerings by Instacart and SoftBank Group-backed chip designer Arm are expected to revitalize the U.S. IPO market, which has already seen some green shoots this year after a drought in 2022, on bets that the Fed could guide the economy to a"soft landing."
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