SAN DIEGO, March 06, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Instacart (NASDAQ:CART) (a) common stock pursuant and/or traceable to the Offering Documents issued in connection with the Company's initial public offering ("IPO") conducted on or about September 19, 2023; and/or (b) securities between September 19, 2023 and October 1, 2023. Instacart provides online grocery shopping services to households in North America. The Company sells and delivers a range of products in the food, alcohol, consumer health, pet care, and ready-made meals categories, in addition to others.
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What is this Case About: Maplebear Inc. d/b/a Instacart (CART) Allegedly Failed to Disclose the Extent of its Competition
According to the complaint, on September 19, 2023, Instacart's common stock began publicly trading on the NASDAQ. Following the IPO, a series of disclosures indicated that Instacart's ...