Instacart Inc. doesn’t plan to raise much capital in its initial public offering and instead plans to have most of the listing come from the sale of employees’ shares. Decision shows pressure on some of Silicon Valley’s oldest startups to go public even as technology stocks slump. The sale of mostly employee shares would allow employees to at last cash out of some of the shares they have been accumulating. The move could help employees retain talent by allowing employees more ways to benefit from their shares.Read Long Article
