Fiji Simo, Insta, CIMO, congratulations on Listing Day, you made it. What, if anything, will you do differently as a public company CEO?

Well, thank you for the Congrats. You know, we've been operating as a public company for quite some time now. I've been doing earnings with our private investor, shareholder letters for many quarters in a row.

So it doesn't feel like a big change. I think you know my way of leading is to be very focused on the long term and our 10 year vision of building the technologies that power every grocery transaction.

We've been very focused on that as a private company and we will remain focused on that as a public one.

Right, as you say, you guys have spent a long time getting here.

You felt that you've been ready.

So why is now the right time to go public?

Well, we felt that it was really important to give our employees liquidity as you

know this IPO is not about raising money for us it's really about making

sure that our employees can have liquidity on the stock that they worked very hard for.

We weren't looking for a perfect market window.

We were just looking for, you know, supportive investors and the fact that we have had such

you know good business results and five quarters in a row of profitability

including you know close to half a billion dollar in a bidau over the last four quarters,

gave us the confidence that we needed to go public and get the support from investors that we hoped for.

Right and you guys are going public at a very different valuation than where you were just a few

years ago. How did you arrive at the decision to price where you did and the valuation

where you settled on? Well, as you know, the markets have readjusted greatly between back then and now, but really what we focused on is our business performance and our business performance is undeniably stronger now than it was back in 2021 when I took the job.

You know, our gross transaction volume at the time was shrinking, now were growing.

We were, so there were a lot of questions about whether Rinsacaut would be just another pandemic fad and we have now proven that we not only kept the COVID gains but grew on top of the COVID gains and grew sustainably and profitably, which is really important.

And so, the price was, you know, a very robust

price discovery process, as you imagine,

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