Instacart's IPO surges as the grocery delivery company goes from the supermarket to the stock market
Posted: Wed Sep 20, 2023 5:06 pm
Instacart's IPO surges as the grocery delivery company goes from the supermarket to the stock market
Read more here:
https://www.ctvnews.ca/business/instaca ... -1.6569334
Instacart delivered in its stock market debut.
The grocery delivery company's shares ---- priced at $30 per share ahead of the IPO ---- hit a peak of $42.95 Tuesday in the first few minutes of trading on the Nasdaq stock exchange. They finished the day up 12.3% at $33.70, giving the company a market value of more than $11 billion.
At Instacart's San Francisco headquarters, CEO Fidji Simo and other executives celebrated the IPO by ringing a bell-shaped like the company's carrot logo. Around 1,000 employees attended, the company said. Instacart's shares are trading under the ticker symbol "CART."
Read more here:
https://www.ctvnews.ca/business/instaca ... -1.6569334
Instacart delivered in its stock market debut.
The grocery delivery company's shares ---- priced at $30 per share ahead of the IPO ---- hit a peak of $42.95 Tuesday in the first few minutes of trading on the Nasdaq stock exchange. They finished the day up 12.3% at $33.70, giving the company a market value of more than $11 billion.
At Instacart's San Francisco headquarters, CEO Fidji Simo and other executives celebrated the IPO by ringing a bell-shaped like the company's carrot logo. Around 1,000 employees attended, the company said. Instacart's shares are trading under the ticker symbol "CART."