Online grocery-delivery company Instacart today (Sept. 19) made its long-awaited debut on Nasdaq. Shares, priced at $30 apiece, popped 40 percent at opening, valuing the company at $14 billion at today’s high. Instacart filed to go public in May 2022 but delayed the actual listing late last year when the stock market faltered amid high inflation and recession fears. It is among a handful of technology companies that have gone public in recent months as the U.S. IPO market slowly reopens from an 18-month pause and the first venture-backed IPO...

Online grocery delivery business Instacart jumped as much as 43% in its trading debut, adding momentum to a rebound for initial public offerings. Instacart’s shares opened trading Tuesday at $42 each after selling for $30 at the top of a marketed range to raise $660 million for the year’s fourth-biggest US IPO. The shares were up 31% to $39.21 at 1 p.m. in New York, giving the San Francisco-based company a market value of $10.9 billion. Instacart’s valuation rises to about $13 billion on a fully diluted basis. That’s a...

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.

Maplebear Inc., which is doing business as Instacart CART, , debuted on Wall Street with a bang Tuesday, as the grocery-delivery app’s stock opened 40% above where its initial public offering priced. The company said late Monday that its IPO of 22 million shares priced at $30 a share, which was at the top of the expected range. The first trade was at $42.00 at 12:49 p.m. Eastern for 2.59 million shares. At that price, the company would be valued at $14.2 billion, based on 338.8 million as-converted, fully diluted...

Instacart shares popped 40% in their Nasdaq debut on Tuesday, opening at $42, after the grocery-delivery company's long-awaited IPO. The offering late Monday at $30 a share valued Instacart at about $10 billion on a fully diluted basis, down from a private market valuation of $39 billion at the height of the Covid pandemic in early 2021. The opening price lifted its valuation to about $14 billion. Instacart is the first notable venture-backed company in the U.S. to go public since December 2021, and its performance is being closely tracked...

Instacart is heading from the supermarket to the stock market. The San Francisco-based grocery delivery company raised $660 million in its initial public offering of stock, selling 22 million shares . Its shares were set to begin trading Tuesday on the Nasdaq stock exchange under the stock symbol “CART.” The pricing of the IPO gave Instacart a market value of around $10 billion, significantly lower than the $39 billion value placed on it after a fund-raising round in 2021. Instacart provides delivery and pickup from 85% of U.S. grocers, or...

When Instacart’s stock starts trading Tuesday, employees will be among those watching the price closely. One big reason: There’s a provision in the company’s regulatory filing to go public that says if the stock trades at more than 120% of its IPO price for at least five of 10 consecutive trading days—one of which must come after the company’s first quarterly earnings announcement—employees can sell stock. Otherwise, they must wait the full, and more typical, 180 days. The move illustrates how as companies wait longer until they go public, the...

Grocery delivery business Instacart priced its initial public offering at the top of a marketed range to raise $660 million in the second marquee listing in a week. The San Francisco-based company sold 22 million shares for $30 each on Monday, according to a statement. Instacart and current shareholders had offered the shares for $28 to $30, a range that was elevated after chip designer Arm Holdings Plc rose 25% in its trading debut Thursday after the year’s biggest IPO. At the IPO price, Instacart has a fully diluted valuation...