Sept 18 (Reuters) - Grocery delivery app Instacart is planning to sell shares in its initial public offering (IPO) for $30 apiece and perhaps more, Bloomberg Newsreported on Monday, citing people familiar with the matter.
The company is heading to the bourse almost three years after it kicked off preparations for going public.
Instacart on Friday raised its proposed price range for its IPO, offering to sell 22 million shares now at $28 to $30 each compared to its previous price range of $26 to $28 each.
San Francisco-based Instacart is in talks to price the shares at the top of that range or potentially higher at $31, according to Bloomberg.
Instacart, which filed for the IPO as "Maplebear," declined to comment.
Persons:
Bloomberg Newsreported, Instacart, Arunima Kumar, Shweta Agarwal
Organizations:
Bloomberg, bourse, Arm Holdings, Instacart, Thomson
Locations:
San Francisco, Bengaluru