The San Francisco-based grocery delivery company could publicly file its plans for an initial public offering with the U.S. Securities and Exchange Commission as early as next week, Bloomberg reported, citing people familiar with the matter. The company is pursuing a traditional IPO on the Nasdaq. (Bloomberg)

Talking point: Instacart, founded by University of Waterloo alumnus Apoorva Mehta, has been mulling going public for years, telling The Logic in 2019 that “an IPO is on the horizon.” After a series of delays, the company confidentially filed documents to the U.S. Securities and Exchange Commission in May 2022. However, those plans were ultimately postponed. In a staff memo in October, CEO Fidji Simo said “extremely tumultuous markets” made an IPO “highly unlikely” that year. If Instacart follows through with its latest listing attempt, the move could indicate a potential rebound for the U.S. IPO market, which dramatically slowed last year but is showing signs of a revival.