Keeping financial tabs on Instacart as it preps its IPO • TechCrunch

Instacart’s readiness to go public this year is a little better understood after The Wall Street Journal reported that the grocery delivery giant has no major fundraising plans when it goes public.

Although the mechanism of going public for a company is only very different – in the end direct listing and traditional IPO both lead to a new public company – Instacart’s plan provides us with helpful hints about its recent financial history.

That Instagram is scheduled to go public this year at all a small miracle; The US market for new tech listings has been depressed in the current quarters. The sluggish IPO market is a stark change from the active 2020-2021 period that saw a large number of startups and unicorns – private market companies worth $1 billion. USD and up – listed as investors take the value of tech stocks to new heights.

The exchange explores startups, markets and money.

Read it every morning on TechCrunch + or get Exchange Newsletter every Saturday.

Prices have gone down, sometimes plummeting from pandemic highs. Most emerging tech companies are holding back from going public in response, perhaps concerned about matching eventual private-market valuations in an IPO or other form of floating purchase.

Source link


News5h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button