Contributed by NAMPA / AFP.
Instacart surges more than 30% in New York stock trade debut
New York, Sept 19, 2023 (AFP) - US grocery delivery startup Instacart surged in its stock market debut Tuesday, gaining more than 30 percent in a sign of revived Wall Street appetite for IPOs.
Near 1730 GMT shares of the company, which trade on Nasdaq as "CART", stood at $39.85, up around 33 percent, after earlier rising as much as 43 percent.
That equates to a market value of around $11 billion, well below the $39 billion in 202 ...