Instacart valued at $9.9b in US IPO, compared with $39b during 2021 fundraising

Instacart valued at $9.9b in US IPO, compared with $39b during 2021 fundraising

FILE PHOTO: Smartphone with displayed Instacart logo is seen in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo

Maplebear Inc, the parent of grocery delivery app Instacart, disclosed on Monday it fetched a $9.9 billion fully diluted valuation after pricing its initial public offering (IPO) at the top of its indicated range.

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