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Instacart has priced its initial public offering of stock at $30 a share, raising $660 million for the grocery delivery company Instacart on Monday priced its initial public offering of stock at $30 a share, raising $660 million for the grocery delivery company. San Francisco-based Instacart sold 22 million shares in the IPO. Trading of the company's stock is set to begin Tuesday on the Nasdaq stock exchange under the stock symbol “CART.” The price was at the high end of an earlier range estimated by Instacart, reflecting a renewed confidence in tech stocks after last week's successful IPO of Arm Holdings, a U.K. chip designer. The price gives Instacart a market value of around $10 billion . That's far lower than the $39 billion valuation the company announced in early 2021. Instacart is the market leader among third-party grocery delivery companies, according to YipitData, a market research firm. But it faces growing com Pet ition from others, including DoorDash and U...

Virginia Governor Glenn Youngkin says the state has reached a deal with Amazon Web Services for the company to invest $35 billion in new data centers ALEXANDRIA, Va. -- Amazon Web Services plans to invest $35 billion in new data center s in Virginia under a deal with the state, Gov. Glenn Youngkin announce d Friday. Millions of dollars in incentives to close the deal still require legislative approval, but General Assembly leaders in both parties expressed support in a news release issued by Youngkin’s office. Still, data centers have become a politically volatile topic, particularly in northern Virginia, where the structures are increasingly common and where neighbors are voicing noise and environmental concerns. Data center s house the computer servers and hardware required to support modern internet use, and demand continues to increase. But the data center s require high-powered fans and extensive cooling capacity that can generate noise. They also consume huge amounts of electric...