Reuters first to report Instacart taps Goldman Sachs to lead IPO at $30 billion valuation

Reuters was first to report that Instacart has picked Goldman Sachs Group to lead its initial public offering (IPO), which could come early next year and value the U.S. grocery delivery app at around $30 billion. The San Francisco-based company is accelerating its IPO plans after voters in California recently backed a ballot proposal that upheld the status of app-based delivery drivers as independent contractors. This was a boost for the likes of Instacart and Uber Technologies Inc, which rely on people to work independently and not as employees.

Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Equities
Regions: North America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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