'Instacart's Secret Deals With Grocery Giants' - The Information
Portfolio Pulse from Benzinga Newsdesk
Instacart is set to go public on Tuesday, with grocery giant Albertsons, a shareholder, likely to profit from the event. Albertsons and Kroger had previously struck stock deals with Instacart, tied to commercial partnerships. Albertsons, with a market capitalization of about $13.5 billion, stands to profit roughly $80 million from its stake.
September 18, 2023 | 2:04 pm
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Kroger had previously struck a stock deal with Instacart, but it's unclear whether it still holds its shares.
Kroger had a stock deal with Instacart, but it's unclear whether it still holds its shares. If it does, it could profit from Instacart's IPO, potentially impacting its stock price.
CONFIDENCE 50
IMPORTANCE 60
RELEVANCE 50
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Albertsons is set to profit from Instacart's IPO, potentially making around $80 million.
Albertsons, being a shareholder of Instacart, stands to profit from the company's IPO. This could potentially increase the value of Albertsons' shares in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100