Balanced News: Instacart’s IPO price range puts it close to decacorn status

Instacart has filed a new S-1 indicating a proposed price range for its IPO, with shares expected to be sold between $26 and $28. The company plans to sell 22 million shares, potentially raising up to $616 million. However, only 14.1 million shares will come from Instacart itself, while the remaining 7.9 million will be from existing shareholders. With a fully diluted market cap potential between $8.6 billion and $9.3 billion, Instacart is valued at around $9.1 billion at the midpoint of its target IPO price range.