Why Did Instacart’s IPO Fail?

My son – against my advice – invested in the Instacart (Maplebear Inc. (CART) IPO. Unfortunately, the share price Friday ended exactly where it started on Monday. $30. On the first day of trading, Instacart’s shares gained more than 40% and reached $42.95, but even at $30 shares are expensive and I see continual downside … Read more