By Amber Deter Instacart IPO rumors are spreading. After the company’s gained popularity and success during 2020, investors are looking for Instacart stock to be the next big filing.
But if Instacart goes public, is it a good investment opportunity? Here’s what we know…
Instacart IPO: Business
CEO Apoorva Mehta co-founded Instacart alongside Max Mullen and Brandon Leonardo in 2012. The San Francisco-based company provides an online marketplace with delivery and pickup services. Currently, Instacart is available in 5,500 cities in North America. It’s estimated the app can be used by 85% of U.S. households and over 70% of Canadian households.
In the last year, Instacart expanded …read more
