Although Instacart s market value at public listing was only a fraction of its 2021-valuation of $39 billion, it came at a time when there is some resurgence of optimism from tech companies towards the public market. Prior to this, SoftBank-owned British chipmaker Arm made a debut at the bourses on September 14.
Instacart said it is now seeking to sell 22 million shares at $28 to $30 each. It was earlier aiming to sell those shares priced between $26 and $28 each.