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Instacart’s IPO apparently isn’t happening this year, either.
In recent years Instacart has pulled in a lot of talent from tech companies like Meta — including CEO Fidji Simo last year — as it was seemingly close to going public.
But tonight, the NYT reports that after cutting its internal valuation from $40 billion to $24 billion in March, it’s now shelving plans to go public in 2022. Maybe 2023 will be the year?
Instacart Is Said to Pull Plans to Go Public This Year
[The New York Times]
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