From Valuation Peaks to Public Listing, Grocery Delivery Service Instacart Charts Its IPO Path
Portfolio Pulse from Anusuya Lahiri
Online grocery delivery service, Instacart Inc, is reportedly preparing for an initial public offering (IPO) by September. The company had previously hinted at going public in 2022, partnering with Goldman Sachs Group Inc and JPMorgan Chase & Co, but delayed plans due to a downturn in the IPO market. Instacart's valuation was previously estimated at $24 billion, but has been revised to around $13 billion.

August 18, 2023 | 12:52 pm
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POSITIVE IMPACT
Goldman Sachs Group Inc was previously partnered with Instacart for a potential IPO. The renewed interest in the IPO could potentially involve Goldman Sachs again.
Goldman Sachs was previously involved in Instacart's IPO plans. If they are involved again, it could potentially increase their revenues from the deal.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
JPMorgan Chase & Co was previously partnered with Instacart for a potential IPO. The renewed interest in the IPO could potentially involve JPMorgan again.
JPMorgan was previously involved in Instacart's IPO plans. If they are involved again, it could potentially increase their revenues from the deal.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
SoftBank Group Corp is the principal holder of chip manufacturer Arm Ltd, which is also planning an IPO. This could potentially increase SoftBank's revenues.
SoftBank is the principal holder of Arm Ltd, which is planning an IPO. This could potentially increase SoftBank's revenues from the deal.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50