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markets

Instacart Raises Valuation Target to Nearly $10 Billion

By
Cory Weinberg
· · Source: The Information

Instacart raised the high end of its valuation range to nearly $10 billion, a 7% uptick from its first asking price in its initial public offering fundraising efforts, the company announced. An updated IPO filing shows that the company plans to price its shares between $28 and $30, translating to a fully-diluted equity value of $9.3 billion to $9.9 billion. The price hike comes on the heels...

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