Grocery delivery app Instacart on Friday revealed a 31% jump in revenue for the first half of the year as it made public its filing for a stock market flotation in New York, setting the stage for one of the most anticipated listings in recent years.confidentially, a move that is typically a precursor to an imminent listing.
The fact that the company is churning a profit could also help it find favor among picky IPO investors, who have since last year have been preferring profitable firms over ambitious but loss-making startups. , which has already seen some green shoots this year after a drought in 2022, on bets that the Fed could guide the economy to a “soft landing.”
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