Phillip Pessar
According to the IPO prospectus submitted to the U.S. Securities and Exchange Commission (SEC), the company, officially known as Maplebear Inc., will sell 7.9 million additional shares while offering 14.1 million of its existing shares to investors.
Investors will be given access to a total of 22 million shares, and the IPO, if priced at the midpoint of the proposed range, would be worth $594 million.
As stated in the prospectus, the placement organizers will reserve around 5% of the total number of shares offered in the IPO securities for sale to people designated by management, possibly including some members of the company's board of directors.
Additionally, the organizers will have a 30-day option to repurchase an extra 3.3 million Maplebear shares. In the event that this option is exercised, there will be 279.3 million shares outstanding for the firm.
source: cnn.com
Investors will be given access to a total of 22 million shares, and the IPO, if priced at the midpoint of the proposed range, would be worth $594 million.
As stated in the prospectus, the placement organizers will reserve around 5% of the total number of shares offered in the IPO securities for sale to people designated by management, possibly including some members of the company's board of directors.
Additionally, the organizers will have a 30-day option to repurchase an extra 3.3 million Maplebear shares. In the event that this option is exercised, there will be 279.3 million shares outstanding for the firm.
source: cnn.com
