Instacart Prepares for IPO Amid Volatile Markets

Instacart Inc.’s plans to launch a public offering puts the grocery-delivery company up against this year’s volatile stock market and longer-term questions about how consumers shop for staples.

San Francisco-based Instacart said late Wednesday that it confidentially filed for an initial public offering, less than two months after cutting its valuation by nearly 40%. By filing confidentially now, Instacart is positioning itself to go public as early as September, according to people familiar with the offering.