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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.
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.
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.
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 ...
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]
VOL (1972–1984) as Upper Volta; also BKF [1] [31] CAF. Central African Republic. AFC (1968) [32] CAM. Cambodia. CAB (1964)
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 ...
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related to: walmart backed ibotta ipo status code