Instacart Inc. expects to go public before year’s end, according to people familiar with the matter, earlier than many on Wall Street had expected amid a frozen market for new listings.
An initial public offering this year would be a bold move in one of the slowest years for IPOs in more than a decade. Many bankers advising companies on going public have said they don’t expect large, unprofitable firms to launch IPOs until volatility subsides and other recent IPO stocks recover.
