Instacart set to be valued at nearly $13 billion in Wall Street debut

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1970-01-01 08:00

Shares of Instacart were indicated to trade 30% above their initial public offering price in their Nasdaq debut

Shares of Instacart were indicated to trade 30% above their initial public offering price in their Nasdaq debut on Tuesday, giving the grocery delivery app a potential valuation of nearly $13 billion.

(Reporting by Niket Nishant and Jaiveer Shekhawat in Bengaluru; Editing by Anil D'Silva)