Instacart, the leading O2O and e-commerce grocery delivery company in the United States, has filed confidentially for its IPO. The timetable for the offering isn’t certain given current market volatility. Instacart is looking at investment banks Goldman Sachs Group Inc. and JPMorgan Chase for underwriting. So far this year in the U.S. only two IPOs worth more than $500 million have priced. Per Bloomberg, excluding blank-check corporations, 52 companies have raised $4.4 billion this year, compared to 201 listings totaling more than $71 billion for the same period in 2021.
Instacart Files Confidentially for an IPO That Could Happen This Year
