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Instacart files for IPO

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Grocery delivery platform Instacart has filed the documents for an initial public offering.

The company in March 2021 raised $25 million, valuing it at $39 billion. However, Instacart announced in March its valuation was slashed by nearly 40% to reflect this year's sell-off in technology stocks, CNBC reports.

Instacart got a boost in sales during the COVID-19 pandemic.

Read more from CNBC.

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