Instacart announces $30 per share IPO price

On Monday, online grocery delivery service Instacart announced it has priced its anticipated initial public offering at $30 per share.

This would place the company’s valuation at approximately $10 billion.

The current valuation is far below Instacart’s pandemic-era $39 billion valuation, caused by the grocery delivery industry’s post-pandemic hit.

Instacart is expected to debut on the NASDAQ on Tuesday with the ticker “CART.”