Instacart reveals IPO filing, disclosing PepsiCo investment, profitability By Reuters

TL;DR

By Niket Nishant and Anirban SenSan Francisco-based Instacart, which filed confidentially for its initial public offering (IPO) in May 2022, said in the filing to the U. “While we do not expect our pandemic-accelerated growth rates to recur in future periods, our growth during this period helped establish a business with much greater scale and much higher gross profit,” Instacart said in the filing, known as an S-1. Morgan are the lead underwriters for the offering, Instacart said, adding that its shares would be listed on the Nasdaq under the symbol "CART

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