Instacart opens at $42, IPO priced at $30 per share

Instacart priced its initial public offering of 22M shares at a public offering price of $30.00 per share, at the top end of the $28-$30 range. The shares are trading on the Nasdaq under the symbol “CART.” Goldman Sachs and J.P. Morgan are acting as lead book-running managers for the offering. Instacart is a grocery technology company in North America. It partners with more than 1,400 retailers to facilitate online shopping, delivery and pickup services from more than 80,000 stores across North America on the Instacart Marketplace.