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Instacart, Klaviyo to go public, but IPO market remains challenged: Expert

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Instacart (CART) is set to go public, pricing their shares between $28-$30. Marketing automation platform Klaviyo is set to go public as well, pricing their shares for $27-$29. Yahoo Finance’s Akiko Fujita and Josh Lipton are joined by Athena Chairwoman and Founder Isabelle Freidheim to discuss IPOs and SPACs and what would drive a company’s choice between the two.

Bank of Montreal is winding down its indirect retail auto finance business and shifting focus to other areas in a move that will result in an unspecified number of job losses, Canada's third-largest bank said. The bank, which announced the move on Saturday, has conducted this business in Canada and the United States. Under the indirect retail auto finance business, the bank works with car dealerships to arrange financing for buyers, who make monthly payments to the lender.

counterpart on Monday as investors grew more optimistic about the global economy and ahead of inflation data that could sway the Bank of Canada's interest rate outlook. The loonie was trading 0.3% higher at 1.3488 to the greenback, or 74.14 U.S. cents, after touching its strongest level since Aug. 15, at 1.3472. "The Canadian dollar is reflecting global growth optimism at the moment," said Adam Button, chief currency analyst at ForexLive.

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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 »