The Amazon, Comcast and American Express-backed grocery delivery service is reportedly looking at early next year for an offering that would hike its valuation 70%.
US-based grocery delivery service Instacart has chosen Goldman Sachs to lead the underwriters in an initial public offering that would secure exits for corporates Comcast, American Express and Amazon, Reuters reported yesterday.
The offering is expected to take place in early 2021 and increase the $17.7bn valuation the company secured last month to $30bn, according to people familiar with the matter.
Instacart’s online platform allows users to order items from several local shops for delivery to their homes. Its user…
