Instacart is raising its IPO ambitions per an update Friday to the S-1 form the company filed with the Securities and Exchange Commission. 

The grocery tech company said it now plans to offer 22 million shares within an estimated price range of $28 to $30 per share — up from its previous projection that it would price the shares between $26 and $28 each.

Instacart would now raise between $616 million and $660 million, up from its previous estimated range of $572 million and $616 million.

On a fully diluted basis, the updated IPO would value Instacart between $9.3 billion and $9.9 billion. 

Instacart is planning to offer 14.1 million shares of common stock while stockholders will sell an additional 7.9 million shares under the ticker symbol “CART” on the Nasdaq, per the S-1 filing. Instacart could begin trading shares next week, The Financial Times reported.

The Wall Street Journal and Reuters both noted that Instacart’s elevated target price comes on the heels of the successful public market debut of SoftBank's Arm Holdings this week. Shares for the British chip designer opened almost 25% above their Nasdaq offer price on Thursday.