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US grocery delivery giant Instacart files for IPO

May 12, 2022

Via: Charged

US online grocery delivery platform Instacart has announced it has filed a draft registration statement with the US Securities and Exchange Commission (SEC), which if approved, allows it to list its shares.

Instacart was valued at $39 billion in March last year after raising $265 million, making it one of the most valuable venture-backed companies in the US.

Fast forward 12 months and it was slashing its valuation by approximately 40% to around $24 billion, testament to just how much tech stocks have struggled of late.

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