Instacart Prepares for IPO Amid Volatile Markets, Changing Consumers

Instacart Inc.’s plans to launch a public offering places the grocery-delivery firm up in opposition to this 12 months’s risky inventory market and longer-term questions on how shoppers store for staples.

San Francisco-based Instacart stated late Wednesday that it confidentially filed for an preliminary public providing, lower than two months after cutting its valuation by practically 40%. By submitting confidentially now, Instacart is positioning itself to go public as early as September, based on individuals accustomed to the providing.

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