Will Instacart IPO in 2022?
Economics
14
10
Ṁ121
resolved Jan 1
Resolved
NO
Resolves YES if in 2022 Instacart goes public. Going public may include IPO, direct listing, SPAC, etc. Followup to https://manifold.markets/jack/will-instacart-file-to-ipo-in-2022 Instacart just filed confidentially for IPO. Confidential filing means they don't need to file a public S-1 until just 3 weeks before IPO, and they have flexibility on whether and when to IPO. Background on a confidential filing for IPO: https://www.forbes.com/sites/sergeiklebnikov/2020/08/25/heres-why-more-companies-are-filing-confidential-ipo-paperwork/?sh=6bbddee56e68 for News on Instacart's confidential filing for IPO: - https://www.bloomberg.com/news/articles/2022-05-12/instacart-is-said-to-file-confidentially-for-an-ipo-in-us - https://www.nytimes.com/2022/05/11/business/instacart-takes-a-big-step-toward-a-public-offering.html Context: Instacart is one of the 10 most valuable startups according to https://www.cbinsights.com/research-unicorn-companies, but cut its valuation 40% from $39B to $24B amidst the recent tech selloff, which has seen an especially heavy decline in companies like Instacart which were lifted by pandemic-fueled growth that is now slowing.
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bought Ṁ200 of NO

https://www.cnbc.com/2022/10/21/instacart-reportedly-pulls-ipo-on-volatile-market-conditions.html

  • Grocery delivery app Instacart is likely to postpone its plans to go public in 2022 amid market uncertainty that has left investors worried about growing volatility in capital markets, two sources familiar with the plan told Reuters

  • Instacart has not completely ruled out the option to go public, a source said, but added that the plans to list the company in 2022 looks extremely unlikely.

bought Ṁ250 of NO

Damn bots. I fat fingered, now I kinda like the position. Whatever 🤣🤣

bought Ṁ50,000 of NO

@MP I've been doing big buys towards 0/100 at the end of the year, and I noticed I filled a bunch of your limit orders just now. I do feel a bit bad about people with leftover limit orders, so I can refund you if you want.

predicted YES

https://techcrunch.com/2022/08/23/instacart-clears-path-to-ipo/

https://www.pymnts.com/news/retail/2022/retailers-boost-their-offerings-compete-seasonal-workers/

https://www.forbes.com/advisor/investing/instacart-ipo/

predicted YES

Reportedly, strong quarterly results from Instacart suggest that the startup could go public before the end of 2022. The Wall Street Journal reported that the company’s second-quarter saw growing orders and revenue, in a promising sign for the company’s public debut.

predicted YES
Some news: 7/22 https://www.wsj.com/articles/instacarts-founder-to-step-down-as-chairman-after-ipo-11658528858 Instacart’s Founder to Step Down as Chairman After IPO; CEO Fidji Simo will lead the board, though company hasn’t said when it plans to go public 7/21 https://www.barrons.com/articles/instacart-stock-ipo-valuation-51658430670 Instacart Cuts Estimated Valuation by Double Digits for the Second Time (409a valuation reduced from 24b to 15b) 7/12 https://techcrunch.com/2022/07/12/instacart-shakes-up-its-leadership-structure-as-the-market-awaits-its-ipo/

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