Instacart Plans to Focus IPO on Selling Employee Shares

Instacart Inc. doesn’t plan to lift a lot capital in its preliminary public providing and as a substitute plans to have many of the itemizing come from the sale of workers’ shares, stated individuals aware of its considering.

In conferences with potential buyers in latest weeks, Instacart executives stated they didn’t plan to situation many new shares of their IPO, the individuals stated. The sale of largely worker shares would enable Instacart’s employees, together with a few of its earliest hires, to ultimately money out of a number of the shares they’ve been accumulating.