Instacart Stock Dips Below IPO Price on Its Third Day of Trading

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Instacart Stock Dips Below IPO Price on Its Third Day of Trading

Dow Jones2023-09-22

Shares of Instacart dropped below the IPO price of $30 on the grocery-delivery company's third day of trading.

The stock declined to $29.90 on Thursday, before finishing up about 2% at $30.65.

The San Francisco company made its long-anticipated stock market debut Tuesday and closed 12% higher on the stock's first day of trading. Shares have since lost those gains, and closed at $30.10 on Wednesday.

Shares of other recent IPO debuts have come down, too. British chip designer Arm's stock fell below its IPO price of $51 earlier Thursday after its listing last week.

Arm and Instacart are among recent offerings that have been viewed as signals for whether the IPO market has reopened after being dormant for much of last year and the year before.

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Goyanz
·2023-09-22
This was always going to happen. Retail investors need to stay away from IPO's until the stock settles at it's true price. Don't get me wrong, there is money to be made at IPO's but its the inexperienced retail investors that get left holding the bag. Instacart price was hyperinflated for it's IPO so investors couldn't get in early enough for a quick swing trade. This is one stock I'll leave alone unless it hits the mid teens. Arm is another stock over priced along with its valuation. I'll be picking this one up in the low 20s.
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Shares have since lost those gains, and closed at $30.10 on Wednesday.</p><p>Shares of other recent IPO debuts have come down, too. British chip designer Arm&#39;s stock fell below its IPO price of $51 earlier Thursday after its listing last week.</p><p>Arm and Instacart are among recent offerings that have been viewed as signals for whether the IPO market has reopened after being dormant for much of last year and the year before.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CART":"Instacart, Inc. (Maplebear Inc.)"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2369848065","content_text":"Shares of Instacart dropped below the IPO price of $30 on the grocery-delivery company's third day of trading.The stock declined to $29.90 on Thursday, before finishing up about 2% at $30.65.The San Francisco company made its long-anticipated stock market debut Tuesday and closed 12% higher on the stock's first day of trading. Shares have since lost those gains, and closed at $30.10 on Wednesday.Shares of other recent IPO debuts have come down, too. 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