Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
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Instacart mulls direct listing
Grocery delivery unicorn Instacart is considering going public through a direct listing instead of a traditional IPO, according to a Reuters report citing unnamed sources.
The heavily funded, San Francisco-headquartered company is reportedly considering the direct listing route out of concern that an IPO would result in shares being initially priced too low. This comes in the wake of other large, recognized venture-backed …
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