San Francisco-based grocery delivery company, Instacart, is reportedly considering an initial public offering (IPO) with share prices potentially surpassing $30 each. The company, officially known as Maplebear Inc., has not yet confirmed the final price per share as of Monday.
The firm had earlier proposed to sell 22 million shares at a price range of $28 to $30 each. However, last Friday, it increased this range and is currently in talks to set the share price at the upper limit of this range or possibly higher at $31.
While discussions about the final share price are ongoing, no official statement has been released by Instacart as of yet. The sources who disclosed these details have chosen to stay anonymous since the information has not yet been publicly announced.