Instacart, the grocery delivery app, decided to increase its previously suggested price range for its initial public offering (IPO) on Friday. This adjustment in terms is aimed at achieving a fully-diluted valuation of potentially up to $10 billion, inspired by the remarkable performance of Arm Holdings during its debut.

The increase in price reflects strong investor interest in the San Francisco-based company. After patiently biding its time for years, the company is now gearing up to list its shares later this month.

September is shaping up to be a bustling period for new stock market debuts.

In the early, volatile trading session on Friday, shares of SoftBank’s chip designer Arm rose by almost 3%, building upon the strong finish they had on their debut trading day.

Yet another company within the Japanese investment giant’s portfolio, Neumora Therapeutics, is preparing to commence trading, and marketing firm Klaviyo is eyeing a listing in the upcoming weeks.

Data from Dealogic reveals that traditional U.S. IPOs have generated over $5 billion in proceeds in September. This marks the second-largest month for such stock offerings this year.

Instacart has announced that it will offer 22 million shares for sale at a price range of $28 to $30 per share, an increase from the previous range of $26 to $28 per share. At the upper end of this revised range, the IPO is expected to raise $660 million, surpassing the earlier target of $616 million.

Out of the overall proceeds, as much as $237 million may be allocated to existing Instacart investors who wish to divest their shares.

Nonetheless, the company’s revised valuation objective would still be merely a quarter of the $39 billion it was valued at during its previous funding round over two years ago.

Cornerstone investors have expressed their intent to purchase shares worth up to $400 million, a sum that would constitute approximately two-thirds of the total proceeds if these shares were priced at the upper end of the range.