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Bullish on the Instacart IPO? Buy This Retail Stock

Bullish on the Instacart IPO? Buy This Retail Stock

The long lull in the IPO market is finally over. Shares of chipmaker Arm Holdings soared last week in their debut, and grocery maven Instacart (NASDAQ: CART) followed with a warm welcome this week as it went public. The grocery delivery specialist surged out of the gate, opening up 40% from its $30 IPO price at $42 per share.