NEW YORK, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Maplebear, Inc. d/b/a Instacart ("Instacart" or the "Company") (NASDAQ:CART) in the United States District Court for the Northern District of California on behalf of all persons and entities who purchased or otherwise acquired Instacart securities pursuant and/or traceable to the Offering Documents issued in connection with the Company's initial public offering conducted on or about September 19, 2023 (the "IPO" or "Offering"); and/or Instacart securities between September 19, 2023 , both dates inclusive (the "Class Period"). Investors have until March 25, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
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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. The Company offers its services through a mobile application and website, while also providing software-as-a-service solutions to retailers.
On August 25, 2023, Instacart filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") in connection with the IPO, which, after several amendments, was declared effective by the SEC on September 18, 2023 (the "Registration Statement").
On September 19, 2023, pursuant to the Registration Statement, Instacart's common stock began publicly trading on the Nasdaq Global Select Market ("NASDAQ") under the ticker symbol "CART".
On September 20, 2023, Instacart ...