Instacart set to be valued at nearly $13 billion in Wall Street debut

FILE PHOTO: Instacart employee Eric Cohn, 34, navigates a Safeway grocery store while preparing a delivery order while wearing a respirator mask to help protect himself and slow the spread of the coronavirus disease (COVID-19) in Tucson, Arizona, U.S., Ap

(Reuters) – Shares of Instacart were indicated to trade 30% above their initial public offering price in their Nasdaq debut on Tuesday, giving the grocery delivery app a potential valuation of nearly $13 billion.

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