Instacart’s initial public offering (IPO) has been nothing short of a rollercoaster ride since its launch. With its stock price fluctuating significantly in a matter of days, this update explores the recent developments and reiterates my cautious stance on this high-flying newcomer. $Instacart, Inc. (Maplebear Inc.)(CART)$ 1. A Flying Start Instacart’s IPO was met with immense enthusiasm as it debuted at the higher end of its price range, at $30 per share. Within just two days of its listing, the stock skyrocketed, hitting a peak of $40 per share. 2. The Soaring Descent However, what goes up must eventually come down. After its meteoric rise to $40, Instacart’s stock experienced a swift descent. As of the closing price on September 20, 2023,
Will Instacart repeat the legend of Arm?
Grocery-delivery company Instacart priced its IPO at $30 a share on Monday, at the top end of the expected range of $28 to $30. Instacart will be the first notable venture-backed tech IPO in the U.S. since December 2021. ------------------- Will Instacart repeat the surge of Arm? Will you buy it at $30? What's your target price for Instacart? Will Instacart close up or down on its debut?
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