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.

https://www.cnbc.com/2023/09/11/online-grocery-firm-instacart-looks-to-raise-up-to-616-million-in-ipo.html

Online grocery firm Instacart looks to raise up to $616 million in IPO

Instacart on Monday said it is looking to raise up to $616 million of fresh capital alongside existing shareholders in its upcoming IPO.

Instacart is set to launch its IPO and be traded on the Nasdaq starting in September 2023