Instacart Surges 40% in Trading Debut

Cover Media
1 年前
Instacart opened at $42 share on its first day of trading on Sept. 19, CNN reports. Its IPO was set at $30 a share. That puts Instacart's market valuation at over $11 billion. That valuation is significantly less than the $39 billion the company was worth in 2021 amid the pandemic.