How did Instacart’s grocery delivery sales fare ahead of its IPO?

On September 18, 2023, after many months of anticipation, Instacart (NASDAQ: CART) went public. Bloomberg Second Measure’s consumer transaction data analytics show that in the months leading up to Instacart’s IPO, Instacart Delivery’s U.S. sales remained elevated compared to levels seen both pre-pandemic and early in the pandemic, but its year-over-year sales growth slowed.