<p><em>By Ryan Gould and Natalie Lung</em></p><p>Grocery delivery business Instacart priced its initial public offering at the top of a marketed range to raise $660 million in the second marquee listing in a week.</p>.SoftBank's Arm set to debut on Nasdaq after blockbuster IPO.<p>The San Francisco-based company sold 22 million shares for $30 each on Monday, according to a statement. Instacart and current shareholders had offered the shares for $28 to $30, a range that was elevated after chip designer Arm Holdings Plc rose 25 per cent in its trading debut Thursday after the year’s biggest IPO.</p>.<p>At the IPO price, Instacart has a fully diluted valuation of $9.9 billion. That’s a steep plunge from its $39 billion valuation in a 2021 funding round when its business boomed amid pandemic lockdowns, but still ranks it as one of the biggest companies to go public this year.</p><p>Instacart’s listing combined with Arm’s is also giving equity capital markets much-needed relief after the longest drought since 2009 in the depths of the financial crisis. As a venture-backed consumer startup, success in its trading debut could pry open the IPO market for other companies looking to go public.</p>.<h3>Klaviyo, Birkenstock</h3><p>Marketing and data automation provider Klaviyo Inc. is planning to sell its shares Tuesday, with German footwear maker Birkenstock Holding Ltd. also preparing to list.</p>
<p><em>By Ryan Gould and Natalie Lung</em></p><p>Grocery delivery business Instacart priced its initial public offering at the top of a marketed range to raise $660 million in the second marquee listing in a week.</p>.SoftBank's Arm set to debut on Nasdaq after blockbuster IPO.<p>The San Francisco-based company sold 22 million shares for $30 each on Monday, according to a statement. Instacart and current shareholders had offered the shares for $28 to $30, a range that was elevated after chip designer Arm Holdings Plc rose 25 per cent in its trading debut Thursday after the year’s biggest IPO.</p>.<p>At the IPO price, Instacart has a fully diluted valuation of $9.9 billion. That’s a steep plunge from its $39 billion valuation in a 2021 funding round when its business boomed amid pandemic lockdowns, but still ranks it as one of the biggest companies to go public this year.</p><p>Instacart’s listing combined with Arm’s is also giving equity capital markets much-needed relief after the longest drought since 2009 in the depths of the financial crisis. As a venture-backed consumer startup, success in its trading debut could pry open the IPO market for other companies looking to go public.</p>.<h3>Klaviyo, Birkenstock</h3><p>Marketing and data automation provider Klaviyo Inc. is planning to sell its shares Tuesday, with German footwear maker Birkenstock Holding Ltd. also preparing to list.</p>