Instacart IPO Indicating $42/Share; IPO Priced At $30/Share
Portfolio Pulse from Benzinga Newsdesk
Instacart's IPO is indicating a price of $42 per share, significantly higher than the initial pricing of $30 per share.
September 19, 2023 | 3:46 pm
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POSITIVE IMPACT
Instacart's IPO is indicating a higher price per share than initially set, suggesting strong investor interest.
The indication of a higher IPO price for Instacart suggests strong investor interest, which could drive the price of CART shares up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100