Instacart IPO Indicating $39.50 On 918K Shares; IPO Priced At $30/Share
Portfolio Pulse from Benzinga Newsdesk
Instacart's initial public offering (IPO) is indicating a price of $39.50 per share on 918K shares, which is significantly higher than its IPO price of $30 per share.
September 19, 2023 | 2:47 pm
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Instacart's IPO is indicating a price of $39.50 per share, significantly higher than its IPO price of $30 per share.
The news of Instacart's IPO indicating a higher price than its initial offering price is a positive signal for the company. This could lead to an increase in the stock price in the short term as it indicates strong demand for the shares.
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IMPORTANCE 100
RELEVANCE 100