Monday, 11 September 2023

Grocery-delivery service Instacart targets U.S. IPO valuation of up to $7.7B

Overlooked AI Stock Gets Urgent "Buy"

We issued our first "Buy" rating on Apple when it traded at the equivalent of 56 cents per share. It's up 32,571% since.

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We called it back in 2011. And it has surged 97x (9,624% to be exact) since then.

Now, our Weiss Ratings has issued a "Buy" on a stock that's leading the AI revolution in one of the most profitable industries in the world.

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The agreement covers the products that are set to be launched in 2024, 2025, and 2026, Qualcomm said. Shares in the chipmaker soared more than 8% on the announcement.


The figure — a sharp decrease from the $39B price tag for the San Francisco-based group two years ago — is widely seen as a gauge of demand for new tech listings. In a regulatory filing, Instacart set the IPO at 22 million shares with a targeted price range of $26 to $28 per share. The sale of Instacart's shares, which are expected to start trading on the Nasdaq under the symbol "CART," is seen raising $616 million.






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