In the filing, Instacart said it is setting an offer price of between $26 and $28 for its IPO.
Instacart said it would issue 22 million shares in total, comprising 14.1 million of newly issued shares from the company and 7.9 million shares from selling stockholders.
Instacart said its total common stock outstanding will be 276 million shares or 279.3 million if underwriters exercise an option to purchase additional shares.
At 276 million shares total, Instacart will likely secure a valuation of about $7.7 billion.
Alongside TCV, Sequoia Capital, D1 Capital Partners, and Valiant Capital Management, the fund would purchase up to roughly $400 million in the offering.
Persons:
Instacart, Goldman Sachs
Organizations:
underwriters, PepsiCo, Norges Bank Investment Management, Sequoia Capital, D1 Capital Partners, Valiant Capital Management
Locations:
Sequoia