NASDAQ: CART

Maplebear Inc. d/b/a Instacart

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of Maplebear Inc. d/b/a Instacart (NASDAQ: CART): (i) pursuant and/or traceable to the offering documents issued in connection with the Company’s September 19, 2023 initial public offering (the “IPO” or “Offering”); and/or (ii) between September 19, 2023 and October 1, 2023, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than March 25, 2024.

If you purchased Instacart securities and would like to join the action, please click “Join This Class Action.”

Class Period:Pursuant and/or traceable to the offering documents issued in connection with the Company’s September 19, 2023 IPO and/or between September 19, 2023 and October 1, 2023

Deadline:

27 Days
If you purchased Instacart securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants made materially false and misleading statements regarding Instacart’s business, operations, and prospects. Specifically, the Offering Documents and defendants made false and/or misleading statements and/or failed to disclose that:

  • Instacart had overstated the extent to which online grocery shopping and delivery habits among consumers were accelerating;
  • Instacart had downplayed the extent of the competition that it faced in the online grocery shopping and delivery market;
  • accordingly, defendants overstated Instacart’s post-IPO growth, business, and financial prospects; and
  • as a result, Instacart’s public statements were materially false and misleading at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Maplebear Inc. d/b/a Instacart
Stock Symbol: CART
Class Period: Pursuant and/or traceable to the offering documents issued in connection with the Company’s September 19, 2023 IPO and/or between September 19, 2023 and October 1, 2023
Court: United States District Court for the Northern District of California

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

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The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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