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Instacart sets IPO price at $30 a share, valuing the company at about $10 billion

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Instacart has priced its initial public offering of stock at $30 a share, raising $660 million for the grocery delivery company.

An instacart logo and an instacart webpage are shown in this photo, in New York, Wednesday, Sept. 6, 2023.

San Francisco-based Instacart sold 22 million shares in the IPO. Trading of the company's stock is set to begin Tuesday on the Nasdaq stock exchange under the stock symbol “CART.”

 

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