<p><strong>SAN FRANCISCO</strong> &#8212; Instacart, the nation&#8217;s leading grocery delivery service, announced the pricing of its long-awaited initial public offering at $30 per share.</p>
<p>The shares are expected to begin trading on the Nasdaq Global Select Market on Tuesday <span class="xn-chron">September 19, 2023</span>, under the symbol &#8220;CART.&#8221;</p>
<p>It is one of a few companies to go public in the last two years in the Bay Area.</p>
<p>The company is offering a total of 22,000,000 shares of its common stock, 14,100,000 of which are being sold by Instacart and 7,900,000 of which are being sold by certain selling stockholders, at a public offering price of <span class="xn-money">$30.00</span> per share. Instacart will not receive any proceeds from any sale of shares by the selling stockholders. In addition, Instacart has granted the underwriters a 30-day option to purchase up to an additional 3,300,000 shares of its common stock at the initial public offering price, less underwriting discounts and commissions.</p>
<p>Goldman Sachs &; Co. LLC and J.P. Morgan are acting as lead book-running managers for the offering. BofA Securities, Barclays, and Citigroup are acting as additional book-running managers, and Baird, JMP Securities (A Citizens Company), LionTree, Oppenheimer &; Co., <span class="xn-person">Piper Sandler</span>, SoFi, Stifel, Wedbush Securities, <span class="xn-person">Blaylock Van</span>, LLC, <span class="xn-person">Drexel Hamilton</span>, Loop Capital Markets, R. Seelaus &; Co., LLC, Ramirez &; Co., Inc., Stern, and Tigress Financial Partners are acting as co-managers for the offering.</p>

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