Instacart IPO Indicating $41.50 On 1.1M Shares; IPO Priced At $30/Share
Portfolio Pulse from Benzinga Newsdesk
Instacart's initial public offering (IPO) is indicating a price of $41.50 per share on 1.1 million shares, which is significantly higher than its IPO price of $30 per share.
September 19, 2023 | 3:26 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Instacart's IPO is indicating a price of $41.50 per share, significantly higher than its IPO price of $30 per share.
The news indicates a strong demand for Instacart's shares, which is likely to drive the price up in the short term. The higher than expected IPO price indicates a positive market sentiment towards the company.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100