- Food delivery firm Instacart ( ICART ) is said to move away from a plan to go public this year as public markets volatility has chilled the IPO market.
- Instacart ( ICART ) had planned to make its financial information public this, beginning the official IPO process, though the plans were halted, according to a New York Times report from late Thursday.
- Instacart isn't withdrawing it's original IPO filing and appears to be looking for more favorable market conditions to go public, according to the NYT report.
- The WSJ reported in late July that Instacart ( ICART ) was said to be targeting an IPO before the end of the year.
- In May San Francisco-based Instacart ( ICART ) said it confidentially filed a draft document for an IPO of the grocery delivery company.
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Instacart said to postpone plans for IPO this year