Let's get to Insta-Karn up being the target for its upcoming IPO following the success of Arm yesterday.

That's what Deirdre Bosa is watching today on Tech Check.

Hey Dee.

So call Arm the Goldilocks IPO. It went about as well as the company bankers and

Mazzasan could have hoped. The first day 25% pop it was strong, but it wasn't

too strong. It indicated good demand from investors, but it did not leave too much money on the table.

And that bows well for others in the pipeline like Instacart, which filed an amended IPO of

prospectus ahead of its debut next week on the heels of that arm successful listing.

It has now raised its price targeting a fully diluted valuation of up to $10 billion.

Ten billion though, as we've said, a far cry from that 39 billion dollar valuation that

it saw just a few years ago which means that there will be big winners big losers

in this thing in arms IPO there was just one winner or loser to be had and that was Soft Bank and Masioshi

son.

Instagart though, this is a venture-backed startup.

It has nearly 100 investors over 10 rounds of equity financing. The ones that got in early like

Sequoia, Co-SV Angel, they are going to make money. They first invested in

Instacarts Series A funding round way back in 2013, which valued the startup at just 25 million dollars.

For Sequoia, one of the Valley's most prestigious, VCs, the IPO could represent a return of nearly 400%.

On the losing side though, the latest stage investors,

especially the ones that came in during that peak 2021 round.

They include big institutional investors like Fidelity and T-R-O-price.

And crossover funds like Tiger Global.

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