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The company included a provision in its S-1 filing where, if the stock trades at more than 120% of its IPO price for five of at least 10 consecutive trading days (one of which must be after ...
(Reuters) -Grocery delivery service Instacart on Friday said its core business turned profitable after making public its filing for a long-awaited stock market launch, while also disclosing an ...
On Monday, the grocery-delivery company priced its long-awaited IPO, raising roughly $660 million and valuing itself at about $10 billion. That was only a quarter of the company’s eye-popping ...
In May 2022, Delhivery launched its initial public offering (IPO) of ₹ 5,235 crore (US$630 million) at a valuation of ₹ 35,283 crore (US$4.2 billion) and got listed on the BSE and the NSE. [17] In 2024, Delhivery became one of the sponsors of the Royal Challengers Bangalore team in the Indian Premier League. [18]
Swiggy is an Indian online food ordering and delivery company. Founded in 2014, Swiggy is headquartered in Bangalore and operates in more than 580 Indian cities, as of July 2023. [4] Besides food delivery, the platform also provides quick commerce services under the name Swiggy Instamart, and same-day package deliveries with Swiggy Genie.
A month later, in August 2021, it introduced 10-minute delivery in the top-12 cities, after completing over 20,000 under-15-minute deliveries per day across 10 cities. [21] On 13 December 2021, Grofers [ 22 ] changed its brand name to Blinkit [ 23 ] in line with its vision to embrace quick-commerce .
On Tuesday, the grocery delivery company went public on the Nasdaq. Instacart stock opened at $42 a share, 40% higher than the anticipated $30 a share, which put the company's market valuation at ...
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors [1] and usually also to retail (individual) investors. [2] An IPO is typically underwritten by one or more investment banks , who also arrange for the shares to be listed on one or more stock exchanges .