Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Paige McGlauflin, Joseph Abrams

Instacart CEO says IPO is for employees, 'not about raising money'

(Credit: David Paul Morris—Bloomberg/Getty Images)

Good morning!

Instacart’s long-awaited initial public offering on Tuesday made it one of the largest companies to go public this year, marking a potential turning point in the recent lull of public listings. But the grocery delivery service's employees could be the real victors of the stock market debut, as the company relies on sales from existing shareholders, including workers, to drive its stock price. 

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.