What is Instacart?
Instacart is a supermarket delivery service with more than 25,000 grocery stores and “big box” chains to hand-pick store items and deliver them to its customers’ doors. Instacart, which focuses on delivering groceries and household supplies, now has a list of over 500,000 items from local merchants. Customers may shop at Safeway, Whole Foods, Super Fresh, Harris Teeter, Shaw’s, Mariano’s, Jewel-Osco, Stanley’s, and Costco, among other local retailers. Customers can combine things from several different retailers into a single order. Instacart is based in San Francisco, California, and was started in 2012.
When is the Instacart IPO date?
Instacart’s initial public offering (IPO) is expected to take place sometime in 2022. Goldman Sachs has been appointed as the underwriter for Instacart. However, the business is in no hurry to go public following a flurry of IPOs in 2021 and a sell-off in tech markets in early 2022.
The exact date of Instacart’s IPO will not be known until one of two things occurs:
– The Instacart IPO date range leaks to the financial press.
– The SEC releases a publicly-available Instacart S-1 filing.
We won’t have a definitive IPO date until the corporation and the SEC publicly post the S-1 file. The IPO date is usually a month or two after the S-1 has been made public.
Latest News on Instacart IPO:
08/22/2022: T. Rowe Cuts Stripe, Instacart Valuations After Tech Selloff
08/22/2022: Instacart Revenue Growth Accelerates Ahead of Planned IPO
07/28/2022: Instacart Aims to Go Public Before Year’s End
05/11/2022: Instacart Announces Confidential Submission of S-1 IPO Filing
03/28/2022: Instacart’s CEO Says Company Is In ‘No Rush’ to Go Public
03/25/2022: Instacart slashes valuation by almost 40% to $24 billion
03/16/2022: Instacart’s CEO Is ‘Worried’ About Inflation of Food Prices
01/20/2022: Chase to launch Instacart co-branded credit card
12/10/2021: Instacart president Carolyn Everson announces departure
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