14:56:30 EDT Sat 11 May 2024
Enter Symbol
or Name
USA
CA



Goldman Sachs CDR (CAD Hedged)
Symbol GS
Shares Issued 400,000
Close 2023-09-07 C$ 16.41
Market Cap C$ 6,564,000
Recent Sedar Documents

Globe says Goldman, JPMorgan dishing out Instacart IPO

2023-09-08 08:45 ET - In the News

Also In the News (C-JPM) JPMorgan CDR (CAD Hedged)

The Globe and Mail reports in its Friday, Sept. 8, edition that U.S. investors are awaiting a slew of initial public offerings in coming months. A Reuters dispatch to The Globe reports that grocery delivery service Instacart unveiled its filing for a long-awaited IPO last month, more than a year after it submitted papers with the U.S. Securities and Exchange Commission for the listing. Instacart's business boomed during the COVID-19 pandemic owing to a surge in on-line orders. However, the company's growth slowed as lockdown restrictions were eased, and it responded by cutting costs and laying off workers. Instacart was last valued at $10-billion (U.S.) in December, 2022, far lower than the $39-billion (U.S.) valuation it secured following a 2020 financing round. Norges Bank Investment Management, a division of Norges Bank, and entities affiliated with venture capital firms TCV, Sequoia Capital, D1 Capital Partners and Valiant Capital Management, have agreed to participate in the IPO as cornerstone investors, Instacart said. Goldman Sachs and JPMorgan are the lead underwriters for the offering, Instacart said, adding that its shares would be listed on the Nasdaq under the symbol "CART."

© 2024 Canjex Publishing Ltd. All rights reserved.