April 18, 2021

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Reuters reveals Instacart mulls direct listing in snub to IPOs

Business & FinanceTechnology

Reuters broke the news that U.S. grocery delivery app Instacart is considering going public through a direct listing, concerned that it could leave money on the table through a traditional initial public offering (IPO). Investment bankers working on Instacart’s listing have estimated that it could be valued by the stock market at more than $50 billion. The move would make Instacart the latest company to snub an IPO, for decades the primary path to a stock market debut, because it risks pricing its offering too low compared to where its shares end up trading. 

Article Tags

Topics of Interest: Business & FinanceTechnology

Type: Reuters Best

Sectors: EquitiesFood & Beverage

Regions: North America

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story