{"id":59309,"date":"2023-09-10T20:11:44","date_gmt":"2023-09-11T00:11:44","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/instacart-reportedly-seeking-valuation-of-less-than-10-billion-in-its-ipo\/"},"modified":"2023-09-10T20:11:47","modified_gmt":"2023-09-11T00:11:47","slug":"instacart-reportedly-seeking-valuation-of-less-than-10-billion-in-its-ipo","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=59309","title":{"rendered":"Instacart reportedly seeking valuation of less than $10 billion in its IPO"},"content":{"rendered":"
\n

Instacart is targeting a valuation below $10 billion for its upcoming initial public offering, the Wall Street Journal reported Sunday, a far cry from the nearly $40 billion it was valued at just a couple of years ago.<\/p>\n

According to the Journal, Instacart is seeking a valuation of roughly $8.6 billion to $9.3 billion, and is set to begin marketing its offering to investors as soon as Monday. The report said the valuation target could still change before the IPO launches later this month.<\/p>\n

\n

Read more: <\/strong>Instacart IPO: 5 things to know about the app that\u2019s looking to ride a \u2018massive digital transformation\u2019 in grocery shopping<\/p>\n

Instacart was valued at $39 billion during a 2021 fundraising round. After slashing its internal valuation several times, Instacart bumped up its valuation by 18%, to about $12 billion, earlier this year, The Information reported in August.<\/p>\n

The San Francisco-based grocery-delivery company is expected to trade on the Nasdaq under the ticker symbol CART. \u00a0Goldman Sachs and JPMorgan Chase will act as lead book-running managers.<\/p>\n

Meanwhile, the Financial Times reported Friday that Arm Holdings Ltd.\u2019s IPO is more than five times oversubscribed, and some bankers are said to be concerned about potential red flags over the size of its listing and the large number of banks involved. The SoftBank
\n 9984,
\n +0.22%<\/bg-quote>
\n -owned chip maker plans to go public this week with shares priced in a range of $47 to $51, at a valuation around $50 billion. Reuters reported Sunday that Arm will seek to price at the top of its range, or above.<\/p>\n

See: <\/strong>Arm IPO: 5 things to know about the chip designer central to the AI transition<\/p>\n

The two long-awaited offerings are expected to give a well-needed boost to the IPO market, which is slowly warming up after being in a deep freeze since last year.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Instacart is targeting a valuation below $10 billion for its upcoming initial public offering, the Wall Street Journal reported Sunday, a far cry from the nearly $40 billion it was valued at just a couple of years ago. According to the Journal, Instacart is seeking a valuation of roughly $8.6 billion to $9.3 billion, and […]<\/p>\n","protected":false},"author":1,"featured_media":59310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-59309","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nInstacart reportedly seeking valuation of less than $10 billion in its IPO | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Instacart is targeting a valuation below $10 billion for its upcoming initial public offering, the Wall Street Journal reported Sunday, a far cry from the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=59309\" 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