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The shift in Instacart’s IPO schedule follows a successful trading debut by chip designer Arm Holdings Plc earlier this week. Arm Holdings experienced a 25% surge in its stock value, which is expected to encourage other companies’ interest in going public.
On Friday, Instacart revealed in a filing that it plans to raise up to $660 million by marketing shares at $28 to $30 each. This is an increase from the previously indicated range of $26 to $28 per share. If the offering prices are at the top end of the revised range, Instacart could achieve a fully diluted equity valuation of nearly $9.9 billion.
Meanwhile, other companies are also preparing for their own IPOs next week. These include Klaviyo Inc., a provider of marketing and data automation services, and German footwear manufacturer Birkenstock Holding Ltd.
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