Instacart sets IPO price at $30 a share, valuing the company at about $10 billion
1 year, 6 months ago

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

Associated Press  

Instacart on Monday priced its initial public offering of stock at $30 a share, raising $660 million for the grocery delivery company. Trading of the company’s stock is set to begin Tuesday on the Nasdaq stock exchange under the stock symbol “CART.” The price was at the high end of an earlier range estimated by Instacart, reflecting a renewed confidence in tech stocks after last week’s successful IPO of Arm Holdings, a U.K. chip designer. Instacart is the market leader among third-party grocery delivery companies, according to YipitData, a market research firm. It also provides in-store technology, like smart carts and electronic shelf tags, and sells online ads to food companies and retailers.

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Instacart partners with Uber Eats to offer restaurant deliveries
10 months, 3 weeks ago

Instacart partners with Uber Eats to offer restaurant deliveries

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Grocery delivery company Instacart is …

Birkenstock IPO: American public issue price fixed at $46 per share
1 year, 5 months ago

Birkenstock IPO: American public issue price fixed at $46 per share

Live Mint  

Birkenstock IPO: Sandal company Birkenstock said Tuesday that it had priced its IPO at $46 a share, according to multiple media reports. According to a report in Bloomberg, at the IPO price, Birkenstock has a market value of $8.64 billion based on its filings with the US Securities and Exchange Commission. L Catterton, the private equity group backed by French …

Instacart goes from the supermarket to the stock market, raising $660 million with its IPO
1 year, 6 months ago

Instacart goes from the supermarket to the stock market, raising $660 million with its IPO

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. In a letter to investors earlier this month, …

Instacart’s IPO surges as the grocery delivery company goes from the supermarket to the stock market
1 year, 6 months ago

Instacart’s IPO surges as the grocery delivery company goes from the supermarket to the stock market

Associated Press  

Instacart delivered in its stock market debut. The grocery delivery company’s shares __ priced at $30 per share ahead of the IPO __ hit a peak of $42.95 Tuesday in the first few minutes of trading on the Nasdaq stock exchange. As of August, Instacart controlled 70% of the third-party U.S. grocery delivery market, according to YipitData, a market research …

Demand for grocery delivery cools as food costs rise
2 years, 7 months ago

Demand for grocery delivery cools as food costs rise

Associated Press  

Karen Raschke, a retired attorney in New York, started getting her groceries delivered early in the pandemic. U.S. demand for grocery delivery is cooling as prices for food and other necessities rise. In August 2019 — a typical pre-pandemic month — Americans spent $500 million on grocery delivery. Instacart — the U.S. market leader in grocery delivery — slashed its …

Demand for grocery delivery cools as food costs rise
2 years, 7 months ago

Demand for grocery delivery cools as food costs rise

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. U.S. demand for grocery delivery is cooling as prices …

Instacart is valued at $39 billion after new capital infusion
4 years ago

Instacart is valued at $39 billion after new capital infusion

CNN  

CNN Business — For the second time since the the pandemic began, Instacart has doubled its valuation as a privately-held startup. “Today’s fundraising reflects the strength of Instacart’s business, the growth our teams have delivered and the incredible opportunity ahead,” said Nick Giovanni, Instacart’s chief financial officer, in a statement. “This past year ushered in a new normal, changing the …

Instacart CEO reaffirms IPO is ‘definitely’ on the horizon
6 years, 2 months ago

Instacart CEO reaffirms IPO is ‘definitely’ on the horizon

CNN  

New York CNN — Once part of the team at Amazon, Instacart CEO Apoorva Mehta is now up against the e-commerce giant. “When Amazon acquired Whole Foods, of course, there were a lot of naysayers who said that Instacart wasn’t going to exist,” said Mehta, who previously worked at Amazon as a software engineer on its fulfillment team. “That’s time …

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