Instacart stock begins trading on Nasdaq

Instacart (CART) stock began trading on Tuesday, opening at $42 per share on the Nasdaq.

The grocery delivery app had set a price of $30 a share for its IPO, valuing it at roughly $10 billion.

Instacart’s IPO follows Arm’s (ARM) return to the public markets less than a week ago. After the chip designer’s IPO was initially welcomed by investors with the stock rising more than 20% during the first trading session, shares are now down more than 8% since the IPO day.

Instacart raised its pricing…