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...Instacart, a grocery delivery start-up, carried out an IPO in part to create liquidity for employees who had been granted RSUs....
...The market for US IPOs has been challenged over the past year but has recently shown signs of activity, with high-profile listings by German sandal maker Birkenstock, chip designer Arm and grocery delivery...
...Instacart has set a price range for its initial public offering that values the online grocery delivery company at up to $9.3bn, less than a quarter of the private valuation it enjoyed two years ago, in...
...Proponents in the UK range from brokers to grocery delivery....
...Morgan Stanley estimates that across the US, about 11 per cent of grocery shopping takes place online. That compares to about a third of non grocery sales....
...Instacart, the largest US grocery delivery app, cut 7 per cent of its staff this week in an effort to become more efficient....
...The grocery and retail delivery sector, which Uber has sought to push further into, accounted for a fifth of annual growth in the delivery segment, the company said....
...Walmart’s massive grocery business generated nearly 57 per cent of total US revenues last year....
...Those among the 142mn households who streamed the original series will be familiar with the set-up: 456 participants are gradually eliminated while playing exaggerated versions of childhood games (grandma...
...Instacart filed for an initial public offering on the Nasdaq exchange on Friday as the US online grocery-delivery company prepares for its shares to begin trading next month....
...My style icon is my grandma, Ernestine Dukes. When I came to America as a child, I lived with her. She was very into old Hollywood glamour – she would wear gowns to the grocery store. It was wild....
...Chief executive Doug McMillon said grocery inflation had started to normalise, with lower pricing on eggs, chicken and seafood....
...Under chief executive Dara Khosrowshahi, Uber has pushed into businesses beyond its core ride-sharing and restaurant delivery segments, including grocery delivery and advertising, which has boosted margins...
...The FTC is suing to stop the big Albertson’s-Kroger grocery merger. I’m not sure what to think about this....
...The online grocery delivery company boosted its price range by about 7 per cent to $28 to $30 per share in a filing on Friday, valuing the group at up to $10bn on a fully diluted basis....
...Online grocery delivery company Instacart went public in September valued at a quarter the size of its last private valuation of $39bn....
...Seen as a safe pair of hands and a stark contrast to his predecessor Travis Kalanick, Khosrowshahi has pushed Uber into new businesses including grocery delivery and high-margin advertising, while user numbers...
...Shares in grocery delivery group Instacart jumped more than 10 per cent on their first day of trading, in the latest sign of investor appetite for new listings....
...Instacart is a US grocery delivery platform. It has its own shopping app and delivery operation, and it also runs the back end of grocery chains’ own apps....
...The price of quitting After graduating from a Shanghai university in 2022, self-described introvert Yao joined the grocery operations of the city’s fastest-rising tech giant, Pinduoduo....
...He said facilities include outdoor gyms, grocery stores and multipurpose courts for football and basketball....
...Wilkinson contrasted that with what NCR is working on with its big customers: grocery stores, petrol stations and restaurants. “They are all very concerned about sustainability,” he said....
...The jury is still out on whether companies like this will ever generate sustainable profits from sending people to do the grocery shopping for you....
...But that is the path pursued by Fidji Simo, who led grocery delivery app Instacart to its Nasdaq debut this week....
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