Reuters broke the news that U.S. grocery delivery app Instacart is considering going public through a direct listing, concerned that it could leave money on the table through a traditional initial public offering (IPO). Investment bankers working on Instacart’s listing have estimated that it could be valued by the stock market at more than $50 billion. The move would make Instacart the latest company to snub an IPO, for decades the primary path to a stock market debut, because it risks pricing its offering too low compared to where its shares end up trading.
The post Reuters reveals Instacart mulls direct listing in snub to IPOs appeared first on Reuters News Agency.
