Instacart to Target Valuation of up to $9.3 Billion in IPO, Source Says

Instacart, the grocery delivery service, is aiming for an initial public offering (IPO) valuation between $8.6 billion and $9.3 billion, a significant drop from its 2021 valuation of $39 billion. The new figures will be disclosed in an updated IPO filing. This move comes as part of a broader trend of high-profile companies, including Arm Holdings and Klaviyo, testing the market's appetite for new listings.