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Online Grocery Firm Instacart Seeks Up To $9.3 Billion Valuation In IPO

Instacart on Monday submitted an updated filing for its upcoming initial public offering

  • In a filing Monday, Instacart said it is setting an offer price of between $26 and $28 for its IPO.
  • At the higher end of the pricing scale, Instacart will be looking to net roughly $616 million in proceeds.
  • The IPO could also value Instacart at up to $9.3 billion on a fully diluted basis.
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