(Bloomberg) Instacart and its backers set the stage for an initial public offering that may value the grocery-delivery business at up to $9.3 billion, less than a quarter of what it was worth at the height of the Covid-19 pandemic.Most Read from BloombergTrudeau Is Stuck in India With Faulty Aircraft After Hearing Criticism From ModiThe Mighty American Consumer Is About to Hit a Wall, Investors SayIndia’s G-20 Win Shows US Learning How to Counter China RiseMeloni Tells China That Italy Plans
Grocery startup Instacart sets terms for $616 million IPO
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Grocery startup Instacart sets terms for $616 million IPO
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