Before Tuesday, the grocery brand secured a $10.2 billion valuation fully diluted, far below the $39 billion valuation it earned during the pandemic.
Experts explained what Instacart and Softbank-backed Arm's debuts means for the broader IPO market, which has been ice-cold for 2 years.
AdvertisementAdvertisementExperts say venture capital firms, stock market investors, and any private company mulling an IPO will be closely monitoring the how newly-public names trade over the coming months.
"But I do think the public market getting behind companies [like Arm and Instacart] is a signal the market is opening up."
"The IPO market is open but it's not indiscriminate," Coben told Insider on Tuesday.
Persons:
Munafo, Craig Coben, Coben, Rachel Gerring, Gerring, Instacart, it's, Jerome Powell's
Organizations:
Service, Arm, Federal Reserve, Fund, London Stock Exchange, Bank of America
Locations:
Wall, Silicon, Americas