(Reuters) – Grocery delivery app Instacart on Friday raised the proposed price range for its initial public offering, aiming for a fully-diluted valuation of up to $10 billion.
The announcement comes a day after a smooth debut from SoftBank-backed Arm Holdings, which notched a 25% gain on its first day of trading.
Instacart said it is now seeking to sell 22 million shares at $28 to $30 each. It was earlier aiming to sell those shares priced between $26 and $28 each.
(Reporting by Niket Nishant in Bengaluru; Editing by Krishna Chandra Eluri)
