Instacart reveals IPO details

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Instacart is getting ready to make its trading debut later this month. The company filed new paperwork showing it has set its offer price at between $26 and $28 a share. Yahoo Finance's Josh Lipton breaks down the company's valuation numbers.

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Instacart Aims for IPO Valuation of $8.6 Billion to $9.3 Billion, WSJ Says(Bloomberg) -- Instacart Inc. is targeting a valuation between $8.6 billion and $9.3 billion for its IPO, a fraction of what the business was previously worth, the Wall Street Journal reported Sunday, citing people with knowledge of the matter.Most Read from BloombergIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans to Exit Belt and RoadBoss of Failed Crypto Exchange Gets 11,000-Year SentenceTrudeau Is Stuck in India With Faulty Aircraft After Hearin
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Instacart Aims for IPO Valuation of $8.6 Billion to $9.3 Billion, WSJ SaysInstacart Inc. is targeting a valuation between $8.6 billion and $9.3 billion for its IPO, a fraction of what the business was previously worth, the Wall Street Journal reported Sunday, citing people with knowledge of the matter.
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Grocery delivery service Instacart aims for US$616-million raise in U.S. IPOSan Francisco-based company is offering 22 million shares priced between $26 and $28 apiece.
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