[rvz]

> Is there a monetary advantage filing for IPO in the current downturn?

I don't think so. Their business is more or less a Deliveroo clone, which doesn't seem to be a good business model in the long term especially as a public company.

But it looks like they are attempting to use the ARM IPO as an opportunity to restart a new wave of IPOs. So they getting in on this new window of opportunity.

So expect yet another wave of unprofitable startups heading for the IPO exit. At least one profitable startup, Stripe could be going public next year. But who knows.

[octernion]

ah yes famously unprofitable instacart! and somehow instacart is a clone of a company founded a year afterwards?

truly HN is a vast repository of wise commenters!