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Shares of Walmart-backed Ibotta opened at $117 on Thursday and peaked at $117.59 after pricing at $88 on Wednesday in an IPO that was oversubscribed by 20%.
(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 on Wednesday.
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 ...
NEW YORK (AP) — 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 stock, which trades under the ticker “IBTA" on the New York Stock Exchange, opened Thursday at $117, well above the $88 offering ...
On August 13 2024, less than 2 months after closing its IPO, Ibotta announced its Q2 2024 financial results. The company swung to a $33.9 million net loss for the quarter (compared to net income of $15.3 million during the prior year period) and nearly doubled its operating expenses compared to the prior year period.
In 2018, Ibotta was listed on the Inc. 5,000 list as one of the fastest growing private companies in the U.S. [26] A year later, in January 2019, the Ibotta app had been downloaded more than 30 million times and users had been credited $500 million in cash back rewards. [27] That year, Ibotta was the largest mobile company in Colorado with six ...
CORRECTION -- Ibotta Reports Second Quarter 2024 Financial Results 08/15/2024 00:10 -0400 DENVER, Aug. 14, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline August 13, 2024 by Ibotta (NYSE: IBTA) please note that in the Condensed Statements of Cash Flows table, a Proceeds from initial public offering, net row has been added.
Ibotta is a technology company that provides cash back rewards to consumers on qualifying purchases through its network of publisher partners and along with its direct-to-consumer properties. [7] [8] [9] Under Leach's leadership, Ibotta reached a $1 billion valuation in 2019 after its Series D funding. [10]