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The Guardian - US
The Guardian - US
Business
Edward Helmore

Instacart shares jump 43% in grocery delivery business’s Nasdaq debut

Instacart Nasdaq United States Apoorva Mehta IPO
Instacart’s core business is to send couriers to grocery stores to pick out orders and deliver them to homes, but in recent years it has expanded into advertising and technology services.
Instacart’s core business is to send couriers to grocery stores to pick out orders and deliver them to homes, but in recent years it has expanded into advertising and technology services. Photograph: Dado Ruvić/Reuters

Shares in online grocery delivery business Instacart jumped 43% in its Nasdaq trading debut on Tuesday.

While shares dropped back in later trading, ending the day up just over 12%, the price pop was the second successful initial public offering (IPO) in a week following the sale of British microchip designer Arm.

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