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The shares are expected to begin trading the following week on the Nasdaq exchange under the ticker CART. The expected valuation, on a fully diluted basis, is a far cry from the roughly $39 billion Instacart garnered in a fundraising round in 2021, the year it started laying the groundwork for a public listing.
Instacart is set to launch its IPO and be traded on the Nasdaq starting in September 2023
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