In an interview with Schwab Network about new IPOs including Instacart (CART) and Arm Holdings (ARM), IPO Edge Editor-in-Chief John Jannarone argued that while Instacart has impressive partners such as Kroger and Albertson’s, it faces fierce competition from DoorDash along with Walmart and Amazon. At around $30 a share, Instacart looks attractive at a 15x multiple of its 2024 EBITDA given the considerable discount to DoorDash.
IPO Edge recently hosted several fireside chats at the New York Stock Exchange, just recently sitting down with the CEO of RingCentral, Plus Therapeutics and Vinson & Elkins. Full interviews will be available on IPO-Edge.com and readers can also subscribe to a newsletter for updates on the homepage.
Watch FULL interview: https://schwabnetwork.com/video/instacart-cart-arm-holdings-arm-new-ipo-s-more-to-watch