Instacart shares end up 12% on debut after initial pop
Wed, Sep 20, 2023 10:58 AM

Instacart shares end up 12% on debut after initial pop

A Flip by Avya Verma
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Instacart's IPO was relatively successful for the current economic climate. The shares ended up at 12% in the Nasdaq debut, despite a high of 43%. The stock raised $660 million and gave the company a $9.9 billion valuation. Arm also debuted on Wall Street with initially positive reception, but it has dropped 13%, indicating limited investor enthusiasm going forward.

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