Instacart is set to make its stock-market debut in an IPO that prices shares at $30

• Instacart is set to make its stock-market debut Tuesday.
• The grocery delivery company has priced its shares at $30.

Instacart is set to make its stock-market debut Tuesday, offering another potential shot in the arm for the long-dormant IPO market after Arm's stellar public listing last week.

The offering, which is being led by Goldman Sachs and JPMorgan, will price each of Instacart's 22 million shares at $30 and value the company at around $10 billion, on a fully-diluted basis.

The stock will trade on the Nasdaq exchange under the ticker symbol "CART".

The $30-a-share pricing set by Instacart sits at the top end of guidance the online grocery delivery start-up gave investors last week, amid signs the IPO market could be heating up again.

Softbank-backed Arm enjoyed the biggest IPO in over two years last week, raising around $5 billion to land a $55 billion valuation. Its shares soared 21% on Thursday, its first day of trading.

Start-ups who've struggled to list since the pandemic ended due to a combination of a fragile economy and rising interest rates will be hoping Arm's strong debut is a sign of things to come.

Instacart's own IPO also underscores how far tech valuations have fallen since the Federal Reserve started waging war on inflation by hiking interest rates in early 2022.

With its business booming at the height of the pandemic in March 2021, the company raised money at $125 to rack up a $39 billion valuation – nearly four times what it's valued at in Tuesday's listing.