Instacart just filed for its IPO and revealed a plan to sell $175 million in stock to PepsiCo

Fri, 08/25/2023 - 14:57

instacart shopper — Instacart filed a prospectus, a document outlining its business and planned IPO, on Friday afternoon.
Photo by Nick Otto for the Washington Post/Getty Images

Instacart took another step toward an IPO Friday by filing a prospectus with the SEC.
The company outlined its business as well as a plan to sell $175 million in shares to PepsiCo.
Instacart has reportedly considered going public multiple times in the past few years.

Instacart is one step closer to going public.

The grocery delivery service filed a prospectus, a detailed document that outlines Instacart's business and IPO ambitions, on Friday afternoon. Instacart's stock will trade on the NASDAQ Global exchange under the ticker "CART."