Briefing

Instacart Shares Gain 12% in IPO Debut

By
Laura Mandaro
· · Source: The Information

Instacart shares surged more than 40% before ending their first day of trading 12% higher, a modest debut that nonetheless could pave the way for more tech IPOs. The San Francisco startup priced its initial public offering at $30 a share late Monday, raising about $660 million in cash. Under the ticker CART, shares on Tuesday jumped to nearly $43 before ending the day at $33.70, giving it a...

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