Talks surrounding Instacart’s initial public offering (IPO) have been swirling for some time now, and the delivery partner’s vision recently became a reality. Instacart filed a registration statement on Form S-1 with the United States Securities and Exchange Commission (SEC), although the number of offered shares and price range have yet to be announced.
Instacart plans to list its common stock on the Nasdaq Global Select Market under the symbol “CART,” a release explained.
Goldman Sachs & Co. and J.P. Morgan will act as lead book-running managers for the proposed offering. BofA Securities, Barclays, and Citigroup will act as additional book-running managers, Baird, JMP Securities, A Citizens Company, LionTree, Oppenheimer & Co., Piper Sandler, SoFi, Stifel, Blaylock Van, Drexel Hamilton, Loop Capital Markets, R. Seelaus & Co., Ramirez & Co., Stern, and Tigress Financial Partners will act as co-managers for the proposed offering.
The proposed offering will be made only by means of a prospectus. A registration statement related to the securities has been filed with the SEC, but has not yet become effective.
As we await the finalization of the IPO, keep an eye out for more Instacart updates.
