Instacart Stock

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.

Grocery delivery service and pandemic darling Instacart has kicked off its IPO, in another sign that the drought of IPOs and deals may be ending. The company is targeting a much lower valuation than expected, which was inevitable given the macroeconomic conditions, but investors are still excited about what will be one of the biggest IPOs of the year.

Instacart parent Maplebear set the proposed terms for its initial public offering. The company best known for its online grocery delivery business said in a revised regulatory filing that it plans to offer 14.1 million shares of common stock.