Instacart is preparing to raise the target price for IPO
The grocery-delivery company now is expected to sell shares for $28 to $30. Instacart would be valued at nearly $10 billion on a fully diluted basis. Arm IPO listing potentially boost the confidence for Instacart.
Outreach dsrtgcb Sep 15, 2023
Instacart is not ARM.
Instacart TSDl55 Sep 15, 2023
Of course. Instacart and Arm have almost similar revenue, with similar revenue growth numbers, FYI. But that's not the only factor. Arm generates a profit of 20%. Instacart not that much, and Doordash has never been profitable and won't be in near future. How that impact's IC valuation, no one knows. Happy to get some cash at this stage though, whatever the case may be.
Meta vhjcgh Sep 15, 2023
Yeah of course just rename Instacart to aicart. It will go to the 🌙
Dash has a 30b mcap so
Paper money to real money is big accomplishment, why do you burn here ?
Cant understand what you are trying to say I will probably buy instacart at ipo because dash has a 30b mcap. If the revenues are similar it makes sense, otherwise I wont