Instacart raises IPO price range, targets $10 billion valuation By Investing.com

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<p>Instacart, the grocery delivery app, is set to make its public debut on Tuesday, following a revision of its initial public offering (IPO) price range. The firm lifted its proposed price range for its IPO on Thursday, targeting a full-diluted valuation of around $10 billion. Instacart plans to sell 22 million shares priced between $28 and $30 each, a range it finalized on Monday. This is an increase from the company’s previously planned range of $26 to $28.</p>
<p>However, even with this elevated valuation, Instacart’s potential value would still be a fraction of the $39 billion value it achieved during the height of its popularity in 2021.</p>
<p>In related news, marketing automation platform Klaviyo is aiming for a valuation of $9 billion when it goes public. The company estimated in a filing with the Securities and Exchange Commission on Monday that its IPO price would be between $27 and $29, compared to the $25 to $27 range it previously estimated. Klaviyo’s IPO comes after a long fallow period of venture-backed tech listings and could encourage other tech companies to go public, depending on the success of their own listings.</p>
<p>Klaviyo filed paperwork with the SEC last month announcing its intent to list on the New York Stock Exchange. Founded in 2012, the company began as a platform for eCommerce firms but is now seeing interest from companies in other industries.</p>
<p><em>This article was generated with the support of AI and reviewed by an editor. For more information see our T&amp;C.</em></p>
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<br /><a href="https://www.investing.com/news/stock-market-news/instacart-raises-ipo-price-range-targets-10-billion-valuation-93CH-3177016">Source link </a></p><p>The post <a href="https://forextraderhub.com/instacart-raises-ipo-price-range-targets-10-billion-valuation-by-investing-com.html">Instacart raises IPO price range, targets $10 billion valuation By Investing.com</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>