Topline
Instacart’s flashy initial public offering Tuesday gave some of its early investors a massive victory, but funds who entered at Instacart’s inflated mid-pandemic valuation were still left holding the bag.
Key Facts
The grocery delivery startup priced its IPO at $30 per share, indicating a $9.9 billion starting valuation, though a 12% rally in its first trading session Tuesday sent Instacart’s market capitalization to over $11 billion.
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