Digital marketing firm Ibotta, backed by Walmart, filed for an IPO on NYSE after turning a profit in 2020.
Digital marketing firm Ibotta, backed by Walmart, filed for an IPO on the NYSE after turning a profit in 2020. The Denver-based company, which helps brands offer digital promotions and rewards, had net income of $38m on revenue of $320m in 2020, compared to a net loss of $55m on revenue of $211m in 2019. Ibotta's shares will be listed under the symbol IBTA and the IPO is led by Goldman Sachs, Citigroup, and Bank of America.
March 22, 2024
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