Instacart S-1
sec.gov
Instacart S-1
1–10 of 27 posts
Re: Instacart S-1
#2Is there a monetary advantage filing for IPO in the current downturn? I know the owners will get less money per share but is there a long term advantage?
Re: Instacart S-1
#3Is there a monetary advantage filing for IPO in the current downturn? I know the owners will get less money per share but is there a long term advantage?
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Re: Instacart S-1
#4Is there a monetary advantage filing for IPO in the current downturn? I know the owners will get less money per share but is there a long term advantage?
It's possible the downtown will get worse, not better.
S&P500 near all-time highs. Unclear if things actually get better in a year or two.
Perhaps the owners think the valuation is reasonable, and want liquidity. Selling at $10b+ is still a great achievement for a company founded in 2012.
Re: Instacart S-1
#5Is there a monetary advantage filing for IPO in the current downturn? I know the owners will get less money per share but is there a long term advantage?
It also seems like they don't have a lot of competition yet. Maybe the owners want to get their money while they own the market for shopping apps because they see writing on the wall..
I personally think that their UX is so terrible that they'd be eaten alive by anybody with a decent app.
Re: Instacart S-1
#6Is there a monetary advantage filing for IPO in the current downturn? I know the owners will get less money per share but is there a long term advantage?
> Is there a monetary advantage filing for IPO in the current downturn?
I don't think so. Their business is more or less a Deliveroo clone, which doesn't seem to be a good business model in the long term especially as a public company.
But it looks like they are attempting to use the ARM IPO as an opportunity to restart a new wave of IPOs. So they getting in on this new window of opportunity.
So expect yet another wave of unprofitable startups heading for the IPO exit. At least one profitable startup, Stripe could be going public next year. But who knows.
Re: Instacart S-1
#7Is there a monetary advantage filing for IPO in the current downturn? I know the owners will get less money per share but is there a long term advantage?
Grocery business tends to outperform the market during downturns.
And grocery delivery is very good during pandemic waves, like the upcoming COVID wave.
Re: Instacart S-1
#8Is there a monetary advantage filing for IPO in the current downturn? I know the owners will get less money per share but is there a long term advantage?
Perhaps time is up and private equity won’t offer better terms.
Re: Instacart S-1
#9Is there a monetary advantage filing for IPO in the current downturn? I know the owners will get less money per share but is there a long term advantage?
According to the S-1:
They are paying out about $400m/yr to preferred shared holders, which will be wiped clean on IPO (preferred shares convert to common), allowing the company to retain these earnings.
Under "Undistributed earnings attributable to preferred stockholders"
Re: Instacart S-1
#10Is there a monetary advantage filing for IPO in the current downturn? I know the owners will get less money per share but is there a long term advantage?
> Is there a monetary advantage filing for IPO in the current downturn? I don't think so. Their business is more or less a Deliveroo clone, which doesn't seem to be a good business model in the long term especially as a public company. But it looks like they are attempting to use the ARM IPO as an opportunity to restart a new wave of IPOs. So they getting in on this new window of opportunity. So expect yet another wa…
ah yes famously unprofitable instacart! and somehow instacart is a clone of a company founded a year afterwards?
truly HN is a vast repository of wise commenters!