Instacart stock indicated to soar 30% at its open
Shares of Instacart are set to receive a warm reception in their Wall Street debut, as early indications are for the grocery delivery app's stock to open about 30% above where the initial public offering priced. While the stock isn't expected to trade for a while, perhaps hours, the first indication from the Nasdaq was for the first trade to be around $39.00, while the IPO priced at $30 a share, according to FactSet data. At that price, the company, which is officially named
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September 19, 2023 10:28 ET (14:28 GMT)
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