Instacart on Monday said it plans to offer 22 million shares at an estimated price of $26 to $28 per share with lead underwriters Goldman Sachs and JPMorgan in a bid to raise about $594 million in its upcoming initial public offering.
The IPO adds the grocery-delivery name to an uptick in activity of late in the U.S. new-issues market, with U.K. chip maker Arm Holdings expected to trade this week and marketing-automation-software company Klaviyo Inc. also setting its IPO terms on Monday.
Including…
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