Instacart IPO: Can It Be the Next Amazon or Shopify?
After a long drought of notable initial public offerings (IPOs), investors are set to get a long-anticipated listing next week.
Instacart recently priced its IPO, with shares expected to start selling between $26 and $28, and the online grocery marketplace is expected to begin trading those shares next week. At that price, the company would be worth $9.3 billion fully diluted, well below the $39 billion it was valued at back in 2021.
Instacart's S-1 prospectus portrayed a company that has massive market potential in the largest retail segment and one that is also experiencing a transition as the pandemic nears an end.
Source Fool.com
