5 Most Anticipated IPOs in 2021 and 2022

3. Instacart

Instacart is a California-based retail company founded in 2012. It is ranked third on our list of 10 most anticipated IPOs in 2021 and 2022. The company operates an internet-based grocery delivery and pickup service, serving customers in the United States and Canada. The company is planning a debut on the stock market in the coming months but there is still confusion with regards to the method it will pick for the listing, with news agency Reuters reporting last month that the company was considering scrapping an IPO in favor of a direct listing. 

Instacart is one of the most valuable private firms in the internet world and could debut at over $50 billion when it makes its debut. Last year, DoorDash, Inc. (NYSE: DASH), a food delivery service based out of California, reached a market valuation of over $60 billion on debut. DoorDash, Inc. (NYSE: DASH) has since snatched the food delivery space from competitors like Uber and become one of the largest and most recognizable brand names in the United States in the process. 

On June 9, DoorDash, Inc. (NYSE: DASH) announced an official launch in Japan, one of the most prestigious markets in Asia. This was the first Asian country in which DoorDash debuted, and the third expansion of the firm outside the United States. It already operates in Australia and Canada. Out of the hedge funds being tracked by Insider Monkey, New York-based firm Coatue Management is a leading shareholder in DoorDash, Inc. (NYSE: DASH) with 9.2 million shares worth more than $1.2 billion.