ipo_page_title
get_ready_to_trade_itInsta Cart
instrument_page_subtitle
instrument_page_trade_online_at
general_info_on Instacart
about_the_company
name
Instacart
industry
Retail
employees
5001-10000
founding_year
2012
ticker
CART
filing_information
ipo_file_date
May 2022
nr_of_shares
22 million
price
$28-30
exchange
Nasdaq
bookrunners
Goldman Sachs
Who is Instacart?
Instacart is a fast-growing retail delivery service whose workers hand pick and deliver items from trusted local stores. The grocery e-commerce company was founded in 2012 by Apoorva Mehta, a former Amazon employee.
Instacart IPO Statistics
The San Francisco-based company has enlisted investment bank Goldman Sachs to lead the IPO. More information will be available after the IPO prospectus will be filed to the Security and Exchange Commission.
What is Instacart’s valuation?
Instacart has raised $2.9 billion in over 20 rounds, the latest on November 1, 2021, from a Venture Series Unknown round. At that time, Instacart was valued at around $39 billion. Investment bankers working on the company’s listing have estimated that the stock market could value Instacart at more than $50 billion.
Basic info about Instacart
- Business has boomed for Instacart during the COVID-19 pandemic, similar to DoorDash which skyrocketed during its 2020 IPO when it closed the first day up 86% from its IPO price of $102.
- According to Apptopia, Instacart has 1,64 million monthly app downloads.
Sources: craft.co, crunchbase.com, cnbc.com, reuters.com
summary
ticker
CART
price
$28-30
exchange
Nasdaq
bookrunners
Goldman Sachs
key_points
ipo_quick_overview Instacart ipoInstacart
ipo_trading_online
sneak_peak Instacart ipo sneak_peak
see_why_traders_seek_and_cherich_ipos
status
ipo_status_available
ipo_date
19/09/2023
price
$28-30
previous_ipos
see_a_track_record_of_the_most_significant_ipos_of_the_past
most_aniticipated_ipos_of_2022
ipo_anticipated_subtitle