Instacart's IPO filing reveals the company's profitability in 2022, driven by increased productivity through batching orders, although gig workers have reported doing more work for the same pay.
Grocery delivery startup Instacart, data and marketing automation company Klaviyo, and chip designer Arm have filed for stock market debuts, representing a test of the excitement level among public market investors for new opportunities and potentially encouraging other companies to go public in the fourth quarter.
The American venture market has been experiencing a significant decline in technology IPOs, but the recent filings of public-offering paperwork by Instacart and Klaviyo stand out as important milestones in a market that has seen a lack of startup exits for over 1.5 years.
Arm and Instacart's upcoming IPOs are not expected to revive the muted market, as startup and financial experts compare the current landscape to the years following the dot-com bubble and anticipate a challenging market for IPOs.
Instacart and Arm have both set lower valuations for their upcoming IPOs, reflecting investor caution as the market for IPOs remains challenging.
Instacart has set a proposed price range for its IPO, aiming to sell shares between $26 and $28 per share, with a valuation range of $7.2 billion to $7.8 billion and a fully diluted market cap potential of between $8.6 billion and $9.3 billion.
Instacart is preparing to go public at a significant discount to its 2021 valuation, as Wall Street gears up for a new IPO season.
Instacart CEO Fidji Simo is set to have shares worth at least $13.4 million once the company goes public, despite the company's lower valuation and concerns over the low pay of its shoppers.
Grocery delivery company Instacart raises IPO price target after successful debut of chip designer Arm Holdings.
Instacart has raised its target valuation to $10 billion, with plans to offer 22 million shares priced between $28 and $30 each on Nasdaq, while also securing a $175 million investment from PepsiCo.
Instacart is set to debut its IPO on Tuesday, raising questions about whether its stock will soar or plummet.
U.S. stocks remained stable as investors anticipated the outcome of the Federal Reserve's September meeting, while the pan-European Stoxx 600 index fell due to various negative factors including the departure of Lonza's CEO and Societe Generale's cost-cutting plans; in other news, Instacart priced its IPO at $30 per share, valuing the company at around $10 billion, and strikes in the U.S. have caused the highest number of lost labor hours in decades.
The IPO market shows signs of revival with the success of Instacart and Arm IPOs, indicating that investors still have an appetite for stocks.
Online grocery delivery business Instacart saw a 43% jump in its Nasdaq trading debut, valuing the company at around $11bn, as it continues to expand beyond its core business of grocery delivery into advertising and technology services.
Instacart's successful IPO debut as Maplebear doesn't ensure its future strength, especially considering its "low float" which poses additional risks for investors.
Instacart shares fall after going public, Steelcase soars on strong earnings, Klaviyo jumps after IPO, Bausch Health surges on upgraded rating, Stellantis sees sales growth in Europe, Pinterest rallies on revenue growth expectations, Coty raises full-year outlook, Zebra Technologies downgraded, Textron signs deal with NetJets, Chewy downgraded on pet category weakness, and various other companies see stock movements.
Instacart's stock falls below its IPO price, reflecting investor disappointment with the grocery-delivery company and other recent tech stocks.
Wall Street's reaction to recent tech IPOs, including Instacart, Arm, and Klaviyo, has been underwhelming, with investors who bought at the IPO price making money only if they sold immediately, raising concerns about valuations.
