May 28, 2024

Grocery delivery unicorn Instacart priced the shares in its initial public offering at the top of its range, an encouraging sign for backers of the company’s long-awaited Nasdaq debut.

San Francisco-based Instacart announced late Monday that it would sell shares at $30 — the high end of an already upwardly revised price range shared late last week.

At that pricing, Instacart is in store to raise about $660 million on Monday, compared with a previous upper target of $616 million, at a valuation…

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