MarketWatch First Take: Instacart shares slump to their IPO price as investors have second thoughts

Date:

September 20, 2023

Shares of Instacart, the online grocery-delivery service, slumped to their initial public offering price on Wednesday, as investors appeared to have second thoughts, in a setback for the newly energized IPO market.

In after-hours trading Wednesday, Instacart CART, known formally as Maplebear Inc., fell slightly below its original offering price of $30 a share, closing at $29.85, setting up for a potential roller coaster on Thursday. At that price, retail investors would be able to buy the stock for what some institutions…

Source link

Inside Halsey's Relationships With Ex Alev Aydin and New Man Avan Jogia

Sister Wives’ Meri Brown Is ‘Willing to Eat Alone’ Post Kody Split

Alexandra Williams

Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

MarketWatch First Take: Instacart shares slump to their IPO price as investors have second thoughts

Recent posts

Outside the Box: As Social Security turns 88, it needs to be strengthened — not cut

The Moneyist: ‘I feel used’: My partner stays with me 5 nights a week, even though he owns his own home. Should he pay...

: ‘He’s such a Google psycho’: Why iPhone and Android users have so many fights over their phone choices

Banking: Succession wait bites into Morgan Stanley’s stock as company studies CEO options

Market Snapshot: U.S. stock futures pressured over rising yields, China trouble

Paul Brandus: Do you support defense spending that creates U.S. jobs? Then Ukraine matters.

MarketWatch: Amazon says this week’s Prime Day event ‘outpaced’ last year’s. But the ‘halo effect’ for other retailers was mixed.

: As Amazon Prime Video adds commercials, here’s how streaming services match up on pricing

Brett Arends's ROI: You own the wrong small-cap fund. How to get into a better one.

Brett Arends's ROI: ‘I’m 32, married with two kids, and I’ve blown half my 401(k) on my cars. Am I screwed?’

Market Extra: A major source of liquidity for buying U.S. government debt is draining. Here’s why that’s bad news for the Fed and the...

Market Extra: Could rising oil prices tip the U.S. into a recession? Here’s why investors are nowhere near having to worry about it.

: China’s Country Garden misses interest payments, bonds fall, raising fresh fears for property sector

: Rates have cracked stocks below the surface, Bank of America derivatives strategists say

Mark Hulbert: The stock market doesn’t care about your political beliefs. This is what matters instead.

Related articles

Help Me Retire: My husband says we’ll be ‘homeless’ if we keep renting. We’re 68 and 74 — do we buy a home instead?

Financial Crime: AI has supercharged online scams: With the holidays coming, here’s what to look out for

Your Digital Self: Another U.S.-China conflict is escalating. This one could be the most serious of all.

: Why so many people are suddenly turning to GoFundMe to help pay off student debt

Peter Morici: China and the U.S. are testing the limits of global trade

Next Avenue: 5 unforgettable towns for a winter getaway

Outside the Box: Here’s how to know if your mutual fund sees ESG investing clearly

: Why Brenda Lee may not see much money from her No. 1 hit ‘Rockin’ Around the Christmas Tree’

Company

Follow us