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(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.
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%.
With its IPO launch, Ibotta more than doubled its valuation to $2.3 billion. ... more of an enterprise software play, basically being the back-end for its Walmart cash rewards ... Live updates. News.
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 ...
Ibotta, Inc. is an American mobile technology company headquartered in Denver, Colorado. Founded in 2011, the company offers cash back rewards on various purchases through its Ibotta Performance Network and direct to consumer app. [8][9][10] Ibotta partners with CPG (consumer packaged goods) brands and network publishers to provide these rewards.
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]
This is an accepted version of this page This is the latest accepted revision, reviewed on 19 September 2024. American multinational retail corporation operating department stores This article is about the retail chain. For other uses, see Walmart (disambiguation). Walmart Inc. Walmart location in Onalaska, Wisconsin Formerly Wal-Mart Discount City (1962–1969) Wal-Mart, Inc. (1969–1970 ...
Rubrik’s IPO is the latest in a run of tech IPOs that have helped reinvigorate the public markets. ... Walmart-backed Ibotta was able to raise $577 million when it set an above-range offer price ...