The Instacart (CART) IPO has strong allegiances from KR and ACI with fierce competition from DASH, WMT, and AMZN, notes John Jannarone. He has his eyes on a heating up IPO market. He talks about how Instacart is indicating $41.80 on 1.1M shares. He highlights that Instacart is a very profitable company, and it trades at 15X 2024 EBITDA. He then discusses the Arm Holdings (ARM) IPO, as it is lower in post-IPO volatility. ARM debuted on Nasdaq at $56.10. He looks at how the 2023 IPO market compares to other years. He also goes over upcoming IPO companies to keep on your radar. Tune in to find out more about the stock market today.
Trading 360
19 Sep 2023
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