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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]
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 .
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.
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 ...
Current status: Active: Goldbelly is an online marketplace for food products. Customers can order products from restaurants, bakeries, delis, etc. and have them ...