As a new dawn for Instacart, the popular grocery delivery and pick-up service debuts its initial public offering (IPO) on September 19, 2023. After years of teasing with a much-anticipated IPO, the time has finally come, making it one of the most high-profile U.S. listings of 2023. So if one wants to invest, how to buy Instacart stock?
It seems the retailors who want to invest in Instacart may still have a hard time buying the stock as IPO shares are often reserved for high-net-worth investors, bankers, hedge funds, and large institutions. Right now, SoFi Invest is the only confirmed brokerage that plans to offer Instacart stock to its users.
About Instacart IPO
Instacart’s debut price was $30 per share, then jumped to $42.06 once it started trading midday. So how to buy Instacart stock (CART) starting today as it lists itself on NASDAQ?
Now retail investors can find Instacart stock today on the NASDAQ exchange under the ticker “CART” under Maplebear Inc., which owns Instacart. Not only is Instacart one of the most notable U .S. venture-backed tech IPOs since December 2021, but it is also the first independent grocery delivery business to ever go public.
Instacart agreed to sell $175 million in Series A preferred stock to PepsiCo.
How to buy Instacart stock?
Listed here are the points that could help answer your question of how to buy Instacart stocks:
Setting up a brokerage account
To purchase Instacart shares, first you must have a brokerage account in order to buy Instacart stock. Traditional and online brokerage accounts allow you to access the stock market, invest in various asset classes, and securely store your investments all in one place.
Importance of Research before Instacart stock purchase
To buy shares of Instacart may sound like a safe investment decision, it’s essential that you do your due diligence first and conduct your own research. Although Instacart doesn’t have much stock history to review, you can still tune into the company’s recent profit history and current market standing.
Decide on placing an order and how much to invest in Instacart
In general, how much you want to invest in Instacart many depend on your individual investment goals, risk tolerance, and time horizon. It also depends on the price of the shares and how much you’re looking to spend.
Review purchase of Instacart shares and monitor investment
As an investor to buy shares of Instacart is only the first step in turning a profit. You’ll need to implement an investing strategy, such as a buy-and-hold strategy or dollar-cost averaging. This way, you won’t be glued to the market hour by hour watching Instacart’s stock chart.
Is Instacart traded on the stock market?
Instacart’s IPO will be traded on the NASDAQ stock exchange. Previously, Instacart was a private company so the general public could not buy shares of the top-performing grocery-delivery company. Instacart is now trading on the NASDAQ under the ticker CART starting today.
Should you purchase Instacart stock?
To invest in Instacart IPO have been awaited, and now the time has finally come. But retail investors may have to wait a bit longer to buy shares of Instacart as certain high-net-worth investors, intuitions, and firms typically get first dibs on IPOs.
In order to buy Instacart stock, you’ll need a brokerage account to gain access the market and have a secure place to store your investments. As investing in individual stocks are highly risky, you may want to invest in other assets like ETFs, mutual funds, index funds, or real estate. A diverse investment portfolio should be a key part of your financial plan.
What to keep in mind when you invest in Instacart?
Before you invest in Instacart make sure to do your due diligence and research the company’s financials and market history. If you’re having trouble getting started, a certified financial planner (CFP) or financial advisor can help.
Popular brokerage platforms purchase Instacart stock from
Right now, SoFi Invest is the only confirmed brokerage that plans to offer Instacart stock to its users. Though there are several brokerage platforms out there, each with different requirements, limitations, fees, web and mobile access, and resources. Some of the most well-known online brokerages include:
- Charles Schwab
- TD Ameritrade
- Robinhood
- Interactive Brokers.
