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However, even with this elevated valuation, Instacart’s potential value would still be a fraction of the $39 billion value it achieved during the height of its popularity in 2021.
In related news, marketing automation platform Klaviyo is aiming for a valuation of $9 billion when it goes public. The company estimated in a filing with the Securities and Exchange Commission on Monday that its IPO price would be between $27 and $29, compared to the $25 to $27 range it previously estimated. Klaviyo’s IPO comes after a long fallow period of venture-backed tech listings and could encourage other tech companies to go public, depending on the success of their own listings.
Klaviyo filed paperwork with the SEC last month announcing its intent to list on the New York Stock Exchange. Founded in 2012, the company began as a platform for eCommerce firms but is now seeing interest from companies in other industries.
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