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Week of Expected Pricing 9/19/2023
Company Name MAPLEBEAR INC
Proposed Ticker CART
CUSIP 565394103
Business Description Instacart was founded in 2012 to bring the grocery industry online and help make grocery shopping effortless. We started by understanding what consumers want and then built enterprise-grade technologies that allow retailers to meet those needs. We want to enable any retailer, large or small, to drive success both online and in-store and serve their customers better in all of the ways they choose to shop. Today, more than 1,400 national, regional, and local retail banners(1) that collectively represent more than 85% of the U.S. grocery market partner with Instacart(2). We have demonstrated our ability to help our retail partners drive strong growth and stay competitive in a complex and increasingly digital industry.
Lead Underwriter Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC
Co-Managers Barclays Capital Inc, Blaylock Van, LLC, BofA Securities, Inc, Citigroup Global Markets Inc, Citizens JMP Securities, LLC, Drexel Hamilton, LLC,LionTree Advisors LLC, Loop Capital Markets, LLC, Oppenheimer & Co. Inc., Piper Sandler & Co,R. Seelaus & Co., LLC,Robert W. Baird & Co. Incorporated, Samuel A. Ramirez & Company, Inc., SoFi Securities, LLC, Stern Brothers & Co, Stifel Nicolaus & Company, Incorporated, Tigress Financial Partners LLC, Wedbush Securities Inc.
Initial Shares 2,20,00,000
Revised Initial Shares N/A
Initial Price $26.00-$28.00
Revised Price $30.00-$30.00
Final Price $30.00
Final Ticker CART

 

 

   
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