Grand Hill Trading Group - Instacart
Grand Hill Trading Group Limited in Hong Kong is expecting to start off the New Year 2021 with a Bang as Instacart prepares for their soon to be IPO Launch.
• Instacart has picked Goldman Sachs to lead its initial public offering.
• The deal could value the U.S. grocery delivery app at around $30 billion.
• Instacart’s business has boomed during the COVID-19 pandemic.
• Instacart has picked Goldman Sachs Group to lead its initial public offering (IPO), which could value the U.S. grocery delivery app at around $30 billion.
Brian Fung at Grand Hill Trading Group said;
“Instacart was valued at $17.7 billion then they soon saw rapid growth of its business as more consumers turn to them to shop for groceries during the COVID-19 pandemic.”
The San Francisco-based company is accelerating its IPO plans after voters in California upheld the status of app-based delivery drivers as independent contractors. This was a boost for the likes of Instacart and Uber which rely on people to work independently and not as employees.
The sources requested anonymity because the IPO preparations are confidential. Instacart and Goldman Sachs declined to comment.
Instacart has been expanding its delivery business to non-grocery goods, serving customers of major stores such as Walmart, beauty product retailer Sephora and convenience store 7-Eleven.
“With the continuing drama of Covid-19, we see this as one way of planning for the future. We are also looking at other Financial Vehicles that are maintaining strength during these trying times. We at Grand Hill Trading Group always look for that silver lining to keep our clients above the water, so to speak.” Said Mr. Fung.
GRAND HILL TRADING GROUP LIMITED
One Island East, 18 Westlands Road,
Quarry Bay, Hong Kong
+852 8171 3390
Mr. Brian Walker
founded in 2011, Grand Hill has a history of applying academic research to practical investing. We offer a full range of financial investments designed to target higher returns
Grand Hill Trading Group investing is about implementing the great ideas in finance for our clients. For more than 9 years, Grand hill has been putting financial science to work for investors by translating compelling research into real-world investment solutions.
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