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Instacart begins trading. Opens at $42. IPO price $30.

Instacart is open for trading (CART).Instacart delivers groceries from chains like Kroger, Costco, and Wegmans. The IPO price was set at $30 a share. The official opening price on the NASDAQ index came in at $42 a share. That is a 40% increase from the IPO price. The market capitalization is up around $14B.Some IP facts:22 million shares were sold in the IPO: 14.1 million from Instacart and 7.9 million from existing shareholders.In early 2021, Instacart had a valuation of $39 billion, raising mo...
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Posted: Sep 19 2023, 16:53
Author Name: forexlive
Views: 091149