In the wake of SoftBank’s Arm Holdings making waves on Wall Street, grocery delivery giant Instacart is set to enter the Nasdaq trading arena. This double debut, reminiscent of the successful launches of chip designer Arm and RayzeBio last week, could signal a resurgence in IPOs after an 18-month hiatus. San Francisco-based Instacart priced its…
The US stock market is eagerly awaiting the Federal Reserve’s latest monetary policy meeting, while keeping an eye on Instacart’s imminent debut on the Nasdaq. Early Tuesday, both the S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) saw a slight decline of around 0.2%. Meanwhile, the Nasdaq Composite (^IXIC) posted a slightly steeper…
After its Nasdaq debut, the grocery delivery company’s shares initially soared to $42, surpassing the expected $30 per share and valuing the company at about $13.9 billion. However, in the days that followed, the stock saw a choppy reception. As of Wednesday’s market close, shares had fallen nearly 11%, below the IPO price. At…
