What are your thoughts on Instacart a ipo? Last month, Instacart revealed in an offering prospectus that the ads and software sales had allowed it to do what skeptics considered impossible — turn a profit. Other so-called gig economy companies that use contract workers to deliver goods via apps have typically failed to do so.
Nearly a third of Instacart’s $2.5 billion in revenue last year came from its “highly profitable” ads and software division, according to its prospectus. In the first half of this year, Instacart’s $406 million in revenue from ads and software helped propel it to $242 million in profit.
For a company that is valued cheaply, that’s a huge amount of profit. I do thinks $30-$40 would be a good price to launch at.
Source: https://www.nytimes.com/2023/09/14/technology/instacart-public-ads.html
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