Wall Street Journal Reported Earlier, Instacart Plans To Raise IPO Range From $26 To $28/Share To $28 To $30/Share
Portfolio Pulse from Charles Gross
Instacart is planning to raise its IPO range from $26 to $28 per share to $28 to $30 per share, according to a report by the Wall Street Journal.
September 15, 2023 | 8:26 am
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POSITIVE IMPACT
Instacart's decision to raise its IPO range could potentially increase the value of CART shares.
Instacart's decision to raise its IPO range indicates a positive outlook for the company's valuation. This could potentially lead to an increase in the value of CART shares, as investors may perceive the company as more valuable.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100