Business & FinanceTechnology

Reuters reveals Instacart mulls direct listing in snub to IPOs

Reuters broke the news that U.S. grocery delivery app Instacart is considering going public through a direct listing, concerned that it could leave money on the table through a traditional initial public offering (IPO). Investment bankers working on Instacart’s listing have estimated that it could be valued by the stock market at more than $50 billion. The move would make Instacart the latest company to snub an IPO, for decades the primary path to a stock market debut, because it risks pricing its offering too low compared to where its shares end up trading. 

Article Tags
Topics of Interest: Business & FinanceTechnology
Type: Reuters Best
Sectors: EquitiesFood & Beverage
Regions: North America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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