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Indebta > Investing > Instacart stock opens with bang, first trade is 40% above the IPO price
Investing

Instacart stock opens with bang, first trade is 40% above the IPO price

News Room
Last updated: 2023/09/19 at 2:40 PM
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Maplebear Inc., which is doing business as Instacart, debuted on Wall Street with a bang Tuesday, as the grocery-delivery app’s stock opened 40% above where its initial public offering priced.

The company said late Monday that its IPO of 22 million shares priced at $30 a share, which was at the top of the expected range, to value the company at roughly $10 billion.

The…

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News Room September 19, 2023 September 19, 2023
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