Grocery-delivery platform Instacart raised its initial price range to between $28 and $30 per share in a regulatory filing Friday.
Grocery-delivery platform Instacart raised its initial price range to between $28 and $30 per share in a regulatory filing Friday, aiming for a valuation of up to $10 billion on a fully diluted basis.
Instacart plans to offer 22 million total shares when it debuts on the Nasdaq, including from current shareholders, and could raise up to $660 million. PepsiCo has also agreed to purchase $175 million in a concurrent private placement, according to the company's securities filing. Grocery-delivery platform Instacart raised its initial price range to between $28 and $30 per share in a regulatory filing Friday, aiming for a valuation of up to $10 billion.
Instacart plans to offer 22 million total shares when it debuts on the Nasdaq, including from current shareholders, and could raise up to $660 million. PepsiCo has also agreed to purchase $175 million in a concurrent private placement, according to the company's securities filing.Get Southern California news, weather forecasts and entertainment stories to your inbox.
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