Instacart plans to focus IPO on employee stock sales

Instacart Inc. does not plan to raise a lot of capital in an initial public offering and instead intends much of the listing to come from the sale of shares by employees, who are familiar with its thinking. know.

In meetings with potential investors in recent weeks, Instacart executives said they do not plan to issue many new shares in their IPO, the people said. Selling most of the employee stock would allow Instacart employees, including some of the earliest hires, to eventually earn money on some of the stock they’ve accumulated.

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