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The listing could help unstick the backlog of companies whose plans to go public have been stymied by the longest lull in U.S. listings since the financial crisis in 2009.
Orders on the platform were virtually flat in the first half of 2023 compared with a year earlier as cities reopened and people returned to restaurants and grocery aisles.
Orders on the grocery delivery platform rose 18 percent to almost 263 million in 2022 but were virtually flat in the first half of 2023 compared with a year earlier.
August 28, 2023
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The Netherlands-based company has appointed JPMorgan Chase & Co. and Morgan Stanley to the top line and is in the process of adding further banks to the IPO syndicate.