5:45:33 PM PDT - Sunday, October 2nd, 2022

Keeping financial tabs on Instacart as it preps its IPO  

By Editor - Mon Sep 19, 9:31 am

Instacart’s willingness to go public this year is now slightly better understood after The Wall Street Journal reported that the grocery delivery giant isn’t planning on a mega-fundraise when it does list. While the mechanics of a company’s public debut have only so much variation — direct listings and traditional IPOs both result in a newly public company, after all — Instacart’s plans provide us with useful hints about its recent financial history. That Instacart is expected to go public this year at all is a minor miracle; the U.S. market for new technology listings has been moribund for quarters now. The slack IPO market is a marked shift from the active 2020-2021 period that saw a good number of startups and unicorns — private-market companies worth $1 billion or more — list when investors had bid the value of tech shares to new heights. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. Prices have since come down, at times sharply from pandemic-induced highs

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Keeping financial tabs on Instacart as it preps its IPO

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