Instacart Sitting Tight on IPO Even As Mobileye Pushes Ahead

It’s been a slow year for tech initial public offerings. Companies have held off as the market has spiraled down in one of the most intense slumps in years. But Friday’s IPO filing by Intel-controlled self-driving–tech firm Mobileye shows some companies are still ready to pounce if the opportunity presents itself.

Aside from Mobileye, the other tech firm expected to also possibly go public this year is grocery-delivery startup Instacart, which confidentially filed IPO paperwork with U.S. securities regulators early this year. But the name of the game is finding a time when market volatility is likely to be the most limited—and prime times for this year are dwindling. That means Instacart could decide to wait until 2023.