Instacart hikes its valuation 18%, The Information reports


Grocery delivery platform Instacart has reportedly raised its internal stock price by 18% compared to its valuation in December 2021, according to a report from The Information on Sunday. The increase in the stock price is based on the company’s financial results from December 2021 to February 2022, as well as the stock performance of other publicly traded tech companies. The new stock price issued to employees indicates a valuation of about $12 billion, up from the previously reported $10 billion.

However, Instacart has declined to comment on the matter, leaving investors and industry experts speculating about the possible reasons for the stock price increase. Some experts believe that the company’s recent financial performance has been strong, while others speculate that the increase may be an attempt to boost employee morale and retain top talent.

The rise in stock price follows a previous report by The Information in December 2021, which stated that Instacart had cut its internal valuation by 20% to $10 billion. This decrease was reportedly due to investor concerns about the company’s high valuation and profitability prospects. Instacart had also reportedly delayed its much-awaited initial public offering (IPO) due to market uncertainty.

The recent increase in the stock price could indicate that Instacart is once again considering going public. However, the company has not made any official statements regarding its IPO plans. Some experts believe that the ongoing pandemic and the growth of e-commerce have increased demand for Instacart’s services, potentially making it an attractive investment opportunity for public markets.

Overall, the increase in Instacart’s stock price reflects the company’s continued growth and success in the competitive grocery delivery market. With the possibility of an IPO on the horizon, the future looks promising for Instacart, as it continues to expand its operations and capture more market share.

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