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Instacart Moves Toward An IPO

"After years of industry buzz, Instacart has taken a preliminary step to pursue an initial public offering," filing "a confidential S-1 draft registration statement with the Securities and Exchange Commission," according to Supermarket News. This comes after a tricky time in March, "when the company cut its valuation by nearly 40% to $24 billion amid market volatility that triggered a technology stocks selloff."

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