Shares of Instacart jumped Tuesday after public trading began of the grocery-delivery company.
The stock was recently trading at $41.37, 38% higher than the initial public offering price of $30 a share.
Instacart, officially named Maplebear, said Monday that its initial public offering priced at $30 a share. The offering will include 22 million shares of common stock, 14.1 million of which are being sold by Instacart.
Shares began trading around 12:49 p.m. Tuesday on the Nasdaq Global Select Market under the ticker CART.