Tag: Mehta, Apoorva

Instacart Soars 40% as It Begins Trading, an Encouraging Sign for Tech I.P.O.s

Initial public offerings are back, warts and all. After a two-year dearth of new listings, shares of the grocery delivery company Instacart opened for trading on Tuesday at $42, up 40 percent from their initial public offering price of $30. The performance signaled that investors are eager to take a chance on young tech companies […]

Read More

Instacart Prices I.P.O. at $30 a Share, Raising $660 Million

Instacart on Monday priced its shares at $30 each for its initial public offering, at the top of its expected range, in a sign of renewed demand for tech stocks. The San Francisco-based grocery delivery company had estimated that its shares would be priced at $28 to $30 a share. Instacart raised $660 million in […]

Read More

Instacart Was All About Grocery Delivery. No Longer.

When Fidji Simo took over as chief executive of Instacart in 2021, the grocery delivery start-up’s growth was cratering as its pandemic boom ebbed. The board of directors asked her to find new ways for the company to earn money. Ms. Simo, a former executive at Meta with experience in advertising, played to her strengths. […]

Read More