Instacart, a well-known online grocery service name among American households, has decided to move ahead with its fourth-quarter IPO plan. The Wall Street Journal reported that rather than typically looking to raise a large amount of capital through IPO listings, the company intends to allow its employees to sell their shares. These shares will constitute the majority of listings. The company's move to keep employee interests first, despite running the risk of raising lesser capital, thanks to the current tech IPO draught, is commendable. This unique IPO move will not only help retain existing talent but also attract new employees.
https://www.tipranks.com/news/in-a-unique-move-instacart-to-sell-employees-shares-in-ipo?utm_source=advfn.com&utm_medium=referral