Instacart Reveals IPO Filing, Disclosing PepsiCo Investment, Profitability

PepsiCo, based in San Francisco, agreed to buy $175 million in convertible shares from Instacart.

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This investment was revealed through a confidential filing with the US SEC for Instacart's scheduled May 2022 IPO.

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Instacart's sales for the six months ending June 30 reached $1.48 billion, showing a 31% increase compared to the same period in 2016.

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Revenue from advertising and other sources increased by 24%, totaling $406 million.

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Instacart's decision to go public was announced shortly after Arm Holdings' IPO filing.

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The IPO market has been disrupted due to factors such as the Ukrainian crisis and rising interest rates, but Instacart's IPO, if successful, could revive the US IPO market.

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Industry experts predict more companies initiating their IPO processes in 2024

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Instacart's entry into the public markets is noted for its cautious optimism, with its strategic moves driving its growth.

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