Instacart's IPO Valuation Plummets to $24 Billion, Raising Concerns for Tech Market

Instacart is looking to go public at around $24 billion, much lower than its previous $39 billion private valuation from last year. A lower IPO valuation from Instacart could cause investors to question how much risk is priced into high-growth tech companies currently seeking public listings. Opinions from analysts are included on how Instacart's debut at a cut price could dampen interest from public markets in other richly valued private tech unicorns planning IPOs.