Instacart raises IPO price range after robust Arm debut

Grocery delivery app Instacart raised its proposed price range for its initial public offering (IPO) on Friday, revising its terms to target a fully-diluted valuation of up to $10 billion following a stellar debut for Arm Holdings.
The price hike signals robust investor demand for the San Francisco-based company, which is looking to list its shares this month after years of waiting in the wings.