The grocery delivery company Instacart is aiming to go public at a valuation between $8.6 billion and $9.3 billion, according to reports.
Instacart is expected to officially disclose its expected valuation range on Monday, a person familiar with the matter told Reuters.
As public stocks dipped around March of last year, Instacart cut its valuation from $39 billion to $24 billion.
According to the company, Instacart shoppers and drivers deliver goods in over 14,000 cities from more than 80,000 grocers and other stores.
The grocery delivery service will join other gig economy companies like Uber , Airbnb , Lyft and DoorDash on the public market.
Persons:
Instacart, haven't, Japan's SoftBank, Uber, Goldman Sachs, CNBC's Hayden Field
Organizations:
Reuters, Nasdaq
Locations:
Instacart