Ibotta, backed by Walmart, plans to raise $551M in a US IPO, upsized from previous plans, aiming for a $2.55B valuation.
Digital marketing firm Ibotta, backed by Walmart, plans to raise $551M in a US IPO, upsized from previous plans. 6.56M shares will be sold by the company and some existing shareholders, aiming for a $2.55B valuation with shares priced between $76-$84. Ibotta, founded in 2011, offers a platform for brands to deliver promotions and provide cashback rewards on everyday purchases, listing on the NYSE under ticker symbol "IBTA".
April 16, 2024
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