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Ibotta shares surge on ‘overwhelming demand’ after IPO generates more than $577 million. Shares of Walmart-backed Ibotta opened at $117 on Thursday and peaked at $117.59 after pricing at $88 ...
April 17, 2024 at 8:06 PM. (Reuters) - Walmart-backed digital marketing company Ibotta will likely raise $577.3 million at a valuation of $2.67 billion, after pricing its initial public offering ...
With its IPO launch, Ibotta more than doubled its valuation to $2.3 billion. Walmart-backed Ibotta chasing $2.3 billion valuation as tech IPOs keep rolling after Astera Labs and Reddit Skip to ...
In 2017 Ibotta added cash back for Uber to its app as well as cash back rewards for online and mobile purchases. [18] [21] In 2018, Ibotta was listed on the Inc. 5,000 list as one of the fastest growing private companies in the U.S. [27] A year later, in January 2019, the Ibotta app had been downloaded more than 30 million times and users had ...
Ibotta, the digital marketing company backed by Walmart, ended up raising $577.3 million, after its IPO priced $4 above its target price range.. Ibotta on Wednesday sold about 6.6 million shares ...
Walmart is listed among the company's stockholders with a 5% or greater share. Ibotta sold 2.5 million shares. It plans to use net proceeds — which it estimated at $198 million assuming an IPO price of $88 — for general corporate purposes including working capital and capital expenditures.
Shares of Ibotta, a Walmart-backed digital company that offers customers cash-back rewards and rebates on grocery brands ranging from Nestle to Coca-Cola, rose 17% in their Wall Street debut. The ...
Some 108 companies conducted their IPO in 2023 and raised $19.4 billion, according to Renaissance Capital. Those figures rose markedly from the 2022 doldrums of 71 IPOs and just $7.7 billion raised.