Instacart has reportedly pulled the plug on its upcoming initial public offering (IPO) amid uncertain market conditions that has left investors concerned, Reuters reported.
The US grocery delivery app had aimed to go public by the end of the year, however is likely to postpone it until further notice, the report claimed.
Currently, tech IPOs are in the middle of the worst drought in nearly 20 years, with US listings raising a little over $7 billion so far this year, data from Dealogic showed.
