What do we know about Instacart IPO date?

3 min read | January 12, 2022 08:20 AM EST | By Raza Naqvi

What do we know about Instacart IPO date? — Image source: © Pichetw | Megapixl.com

Instacart IPO date revealed?

Unfortunately, there is no official announcement on when the American grocery delivery and pick-up service operator will go public.

In addition, there's an ongoing debate that Instacart will opt for a direct listing over a traditional initial public offering (IPO).

Instacart IPO date ©2022 Kalkine Media®

In November 2020, published reports had claimed that Instacart was considering an IPO and had roped in Goldman Sachs as an adviser. However, in March 2021, reports claimed that the grocery delivery company was considering a direct listing.

The public debut was delayed last year as Fidji Simo took over as the chief executive officer and reportedly focused on solidifying its services for retailers, which was beyond delivery.

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Instacart was supposed to go public in the fourth quarter of 2021. However, it seems interested investors will likely have to wait for some more time until the official announcement for the public debut comes from the company.

Bottom line

Since its inception, Instacart has emerged as one of the leading grocery and pick-up service providers in the United States and Canada.

So far, the company has reportedly gone for five acquisitions and raised US$ 2.9 billion in funding. In March last year, Instacart was valued at US$ 39 billion after it secured funding worth US$ 265 million.

The valuation could increase up to US$ 50 billion at the time of listing its shares. Instacart's existing backers include venture capitalists like Sequoia Capital and Andreessen Horowitz.

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