Instacart files to go public on Nasdaq, will trade under ticker 'CART'

Online grocery delivery company Instacart has filed to go public. The company says it will list its shares on the Nasdaq stock exchange under the ticker "CART." Yahoo Finance Reporter Brooke DiPalma breaks down the filing, noting that PepsiCo (PEP) is a large investor, planning to buy $175 million in convertible preferred stock.