Instacart Files for Initial Public Offering
SAN FRANCISCO, CA - In a highly anticipated move, Instacart filed a registration statement on Form S-1 with the United States Securities and Exchange Commission (SEC) related to a proposed initial public offering (IPO) of its common stock. So far, the number of offered shares and price range have yet to be announced.
Instacart plans to list its common stock on the Nasdaq Global Select Market under the symbol “CART,” a release explained.
Goldman Sachs & Co. and J.P. Morgan will act as lead book-running managers for the proposed offering. BofA Securities, Barclays, and Citigroup will act as additional book-running managers, Baird, JMP Securities, A Citizens Company, LionTree, Oppenheimer & Co., Piper Sandler, SoFi, Stifel, Blaylock Van, Drexel Hamilton, Loop Capital Markets, R. Seelaus & Co., Ramirez & Co., Stern, and Tigress Financial Partners will act as co-managers for the proposed offering.
The proposed offering will be made only by means of a prospectus. A registration statement related to the securities has been filed with the SEC but has not yet become effective.
Upon completion of this IPO, what will be the impact on Instacart’s continued evolution in the grocery delivery sector? AndNowUKnow is the place for insights.
