Grocery delivery startup Instacart to target valuation of up to $9.3b in IPO

Grocery delivery startup Instacart to target valuation of up to $9.3b in IPO

FILE PHOTO: Smartphone with displayed Instacart logo is seen in this illustration taken March 25, 2022. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo

Grocery delivery service Instacart is targeting a valuation between $8.6 billion and $9.3 billion in its initial public offering, according to a person familiar with the matter.