Instacart Stock Price Prediction — Instacart IPO Raises $660M

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Instacart (NASDA: CART) stock is going to be list­ed on the NASDAQ stock exchange on 19th Sep­tem­ber. Instacart IPO price range is set at $28-$30, which has raised $660 mil­lion for the Gro­cery deliv­ery com­pa­ny. Here are a few things to know before the trad­ing goes live.

The IPO price val­ues the com­pa­ny at $9.9 bil­lion, which is 75% below the peak val­u­a­tion of $40 bil­lion. In 2021, the firm raised funds at its peak val­u­a­tion. While the IPO val­u­a­tion might appear to be dis­ap­point­ing to some investors, the stock is still expect­ed to per­form well after its listing.

Instacart Raises Its IPO Price

After the major suc­cess of the ARM IPO last week, Instacart imme­di­ate­ly raised its IPO price range from $26-$28 to $28-$30. Final­ly, the firm has suc­cess­ful­ly raised $660 mil­lion at the IPO price of $30. The notable investors in the Amer­i­can deliv­ery com­pa­ny include Sequoia Cap­i­tal, D1 Cap­i­tal Part­ners, and Tiger Glob­al Management.

The recent IPO of Arm Hold­ings plc appears to have rekin­dled the IPO mar­ket, which has been fac­ing strong head­winds since 2022. ARM stock was list­ed at $51 and soared to $69 on its sec­ond day. Ana­lysts are expect­ing a sim­i­lar per­for­mance by Instacart stock price after its listing.

Instacart IPO

Instacart Stock Price Prediction

It is too soon to make any Instacart stock price pre­dic­tion as the stock is yet to go live. The stock will be list­ed on Nas­daq, which is the sec­ond biggest stock exchange in the world in terms of mar­ket cap­i­tal­iza­tion. The stock tick­er will be NASDAQ: CART.

If Instacart holds its IPO price on the day of list­ing, then I expect a strong ral­ly. How­ev­er, close atten­tion must be giv­en to the price action around the IPO price. If the price drops below the IPO price after an ini­tial surge, this will be a very bear­ish sign.

You are also wel­come to fol­low me on Twit­ter, where I’ll keep shar­ing my updat­ed out­look on the Instacart IPO and my per­son­al trades on oth­er US stocks.

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