Instacart IPO: Pepsico Backed Online Delivery Startup To Launch Its Investor Roadshow, To Roll Out IPO Price Band

Backed by Pepsico, Instacart, an online delivery platform which is all set to go public, is preparing to fix a price range for the IPO on September 19. The startup will also launch its investor roadshow by Monday, sources were quoted as saying by Bloomberg.

The sources further said that the plan is yet to be finalised and there are possibilities of change in timeline. Most of the plan depends on market conditions. Experts believe that Instacart’s public listing can serve as a catalyst to boost the growth of the IPO market. 

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However, there has been no official announcement by Instacart till now. Recently, the market witnessed Arm Holdings, which is going to be the biggest listing this year, fix their price band for IPO. Other than these firms, Klaviyo, an ecommerce marketing company, is also aiming for a successful public listing this year.

Incorporated in 2012, Instacart has spent several years gearing up for its anticipated IPO, aiming to leverage its growing appeal, particularly during the COVID-19 pandemic, when online grocery shopping became the standard practice.

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In 2021, the company raised over $2.74 billion as a startup and was valued at $39 billion, according to data provider PitchBook. However, the pandemic forced the company to slash its own valuation three times last year to about $13 billion by last October.