Instacart targets IPO valuation of $8.6 billion to $9.3 billion, WSJ reports

by MMC
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Instacart Inc. is targeting a valuation of between $8.6 billion and $9.3 billion for its IPO, a fraction of what the company was previously worth, according to the Wall Street Journal. reportedBloomberg Terminal Sunday, citing people with knowledge of the matter.

Online Grocery Delivery Company Considers Bootstrapping Investor roadshow as early as Monday, Bloomberg reported on September 6. Instacart plans to price its listing on September 19, with trading beginning the following day.

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