Instacart Prices IPO at $30 Per Share

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; Instacart&comma; the nation&&num;8217&semi;s leading grocery delivery service&comma; announced the pricing of its long-awaited initial public offering at &dollar;30 per share&period;<&sol;p>&NewLine;<p>The shares are expected to begin trading on the Nasdaq Global Select Market on Tuesday <span class&equals;"xn-chron">September 19&comma; 2023<&sol;span>&comma; under the symbol &&num;8220&semi;CART&period;&&num;8221&semi;<&sol;p>&NewLine;<p>It is one of a few companies to go public in the last two years in the Bay Area&period;<&sol;p>&NewLine;<p>The company is offering a total of 22&comma;000&comma;000 shares of its common stock&comma; 14&comma;100&comma;000 of which are being sold by Instacart and 7&comma;900&comma;000 of which are being sold by certain selling stockholders&comma; at a public offering price of <span class&equals;"xn-money">&dollar;30&period;00<&sol;span> per share&period; Instacart will not receive any proceeds from any sale of shares by the selling stockholders&period; In addition&comma; Instacart has granted the underwriters a 30-day option to purchase up to an additional 3&comma;300&comma;000 shares of its common stock at the initial public offering price&comma; less underwriting discounts and commissions&period;<&sol;p>&NewLine;<p>Goldman Sachs &amp&semi; Co&period; LLC and J&period;P&period; Morgan are acting as lead book-running managers for the offering&period; BofA Securities&comma; Barclays&comma; and Citigroup are acting as additional book-running managers&comma; and Baird&comma; JMP Securities &lpar;A Citizens Company&rpar;&comma; LionTree&comma; Oppenheimer &amp&semi; Co&period;&comma; <span class&equals;"xn-person">Piper Sandler<&sol;span>&comma; SoFi&comma; Stifel&comma; Wedbush Securities&comma; <span class&equals;"xn-person">Blaylock Van<&sol;span>&comma; LLC&comma; <span class&equals;"xn-person">Drexel Hamilton<&sol;span>&comma; Loop Capital Markets&comma; R&period; Seelaus &amp&semi; Co&period;&comma; LLC&comma; Ramirez &amp&semi; Co&period;&comma; Inc&period;&comma; Stern&comma; and Tigress Financial Partners are acting as co-managers for the offering&period;<&sol;p>&NewLine;