Topline
Instacart splashed in its Nasdaq debut Tuesday, beginning trading at about 40% higher than its initial public offering price, keeping the momentum of the IPO market going despite opening at a far less rich valuation than the grocery delivery startup enjoyed during the height of the pandemic.
Key Facts
Shares of Instacart surged as much as 43% from their $30 IPO price set Monday, trading at over $40 shortly after trading began at about 12:55 EDT.
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