Maplebear Inc.

Maplebear Inc. (CART) priced its initial public offering on Sep 20, 2023 at $30.00 per share, within its $28.00–$30.00 range, raising $660M, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $8.3B. Goldman Sachs was lead-left underwriter, joined by J.P. Morgan, BofA Securities and Barclays and others. Cooley advised the company and Latham & Watkins advised the underwriters.

Maplebear Inc. operates Instacart, a platform where customers order from retail partners through Instacart Marketplace and the Instacart Enterprise Platform. Its Instacart Ads offerings let consumer packaged goods brand partners advertise to shoppers.

Status

IPO

Ticker

CART

Exchange

Nasdaq Global Select

Priced

Sep 20, 2023

IPO price

$30.00

Price range

$28.00–$30.00

Raised

$660M

Market cap at IPO price

$8.3B

First filed

Aug 25, 2023

Underwriters

Goldman Sachs, J.P. Morgan, BofA Securities, Barclays, Citigroup, Baird, Citizens JMP, Oppenheimer, Piper Sandler, Stifel, Wedbush and Blaylock Van

Company counsel

Cooley

Underwriters' counsel

Latham & Watkins

Sector

Business services

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.