Instacart (Maplebear Inc.) (CART) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

PRESS RELEASE
Published October 6, 2023

NEW YORK, NY / ACCESSWIRE / October 6, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Instacart (Maplebear Inc.) ("Instacart" or "the Company") (NASDAQ:CART). Investors who purchased Instacart securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/cart.

The investigation concerns whether Instacart has violated federal securities laws.

Investigation Details:

On or around September 19, 2023, Instacart conducted its initial public offering ("IPO"), selling 22 million shares of stock priced at $30.00 per share. After initially surging following the Company's IPO, Instacart's stock price declined sharply over the following weeks, with analysts predicting revenue growth of only 7% to 8% in the second half of the year, down sharply from prior periods.

What's Next?

If you are aware of any facts relating to this investigation or purchased Instacart securities, you can assist this investigation by visiting the firm's site: bgandg.com/cart . You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC



View source version on accesswire.com:
https://www.accesswire.com/790815/instacart-maplebear-inc-cart-investigation-bronstein-gewirtz-grossman-llc-encourages-investors-to-seek-compensation-for-alleged-wrongdoings

ACCESSWIRE

News network reaching more than 1,500 media outlets in 98 countries. The newest, fastest-growing and most disruptive newswire available today.