Near 1730 GMT shares of the company, which trade on Nasdaq as “CART”, stood at $39.85, up around 33 percent, after earlier rising as much as 43 percent.
“The markets have readjusted greatly between then and now,” said Instacart Chief Executive Fidji Simo in an interview on CNBC. The Instacart launch marked a second straight strong stock debut following last week’s arrival of Arm, a British semiconductor company.
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