Instacart sets IPO price at $30 a share, valuing the company at about $10 billion

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Instacart sets IPO price at $30 a share, valuing the company at about $10 billion
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Instacart has priced its initial public offering of stock at $30 a share, raising $660 million for the grocery delivery company.

Instacart on Monday priced its initial public offering of stock at $30 a share, raising $660 million for the grocery delivery company.

The price was at the high end of an earlier range estimated by Instacart, reflecting a renewed confidence in tech stocks after last week's successful IPO of Arm Holdings, a U.K. chip designer.

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