Food delivery giant Instacart Inc. is holding off on plans to go public until at least next year, according people familiar with the matter. Instacart had been planning to file its S-1 filing this week but reconsidered amid a turbulent market, the people said.
Link: Instacart Shelves Plans for 2022 IPO, Citing Tech Market Rout - Bloomberg
This was always inevitable. What next?
Acquisition by someone else?
New debt facility?
Takeover by private equity?
When they filed for IPO they were valued on revenue. Now everyone valued on EBIT. Tremendous difference their investors could not stomach even at lower valuations.