- Shares of grocery delivery app Instacart were set to start trading on the Nasdaq on Tuesday, the second high-profile debut in days after SoftBank's Arm Holdings entered Wall Street with a bang.
San Francisco-based Instacart priced its IPO at the top end of its raised range of $28 to $30 and raked in a total of $660 million in proceeds, out of which $237 million will go to investors who are selling some of their shares alongside the company.
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Klaviyo, Instacart raise IPO price rangesAfter Arm Holdings' (ARM) strong IPO debut, Klaviyo (KVYO) raised its IPO price range to between $27 and $29 per share. This comes after Instacart (CART) raised its own IPO price range as well, to between $28 and $30 per share. Yahoo Finance Live discusses what these debuts could mean for the IPO market.
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Instacart’s Long-Awaited IPO to Test CEO’s Pivot, Market Rebound(Bloomberg) -- Online grocery startup Instacart has been flirting with an initial public offering for years and is finally set to take the plunge Monday in another bellwether listing for a still-anxious market.Most Read from BloombergMGM Resorts Hackers Broke In After Tricking IT Service DeskHow Auto Executives Misread the UAW Ahead of Historic StrikeEurope Is Better Prepared If Trump Wins Again, Germany’s Baerbock SaysUS, Chinese Officials Meet in Malta in Bid to Keep Channels OpenHouse Republi
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Instacart’s Long-Awaited IPO to Test CEO’s Pivot, Market ReboundOnline grocery startup Instacart has been flirting with an initial public offering for years and is finally set to take the plunge Monday in another bellwether listing for a still-anxious market.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Instacart’s Higher IPO Target Aims at Trading Pop, Cash Infusion(Bloomberg) -- Instacart and Klaviyo Inc., reacting to the strong reception of this year’s biggest IPO, have increased the amount of money they want to raise, with the goal of bolstering their cash positions while driving an opening day pop.Most Read from BloombergXi’s Missing Defense Chief Opens Door for US Military TalksHow Auto Executives Misread the UAW Ahead of Historic StrikeTrillion-Dollar Industry Powering Chicago at Risk of LeavingVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years
Source: YahooFinanceCA - 🏆 47. / 63 Read more »