Tag: Instacart

September 25, 2023 BY Elizabeth Anderson

Performance of new tech arrivals since IPO launches

All three companies kicked their IPOs off on a high note, with trade closing above the initial pricing on the first day. Since, share prices have been seesawed somewhat, fueling renewed rounds of speculations.  It seems short sellers played a significant role in Arm Holdings’ stock, which dipped below its $51 IPO price for the…

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September 22, 2023 BY Elizabeth Anderson

Instacart stock hit a few bumps after its market debut

The company, which shops and delivers groceries to customer doors, went public on Tuesday with an IPO price of $30 per share. It kicked off its debut trading at $42, 40% higher than the set IPO price. This pegged Instacart’s value at about $13.9bn. On Thursday, the company’s market cap sat at an estimated $8.33bn.…

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