Instacart set to raise IPO target price after Arm’s successful debut

Grocery-delivery company Instacart is preparing to raise the target price for its initial public offering following the successful debut of SoftBank-owned Arm, The Wall Street Journal reported on Friday.

Instacart is now expected to sell shares for $28 to $30 apiece, the Journal said, adding that the company plans to disclose the target price in an amended filing as early as Friday.