From Investing.com: 2024-04-17 23:11:38

Ibotta, a Walmart-backed digital marketing company, is set to raise $577.3 million at a valuation of $2.67 billion through its IPO, exceeding its earlier price range. With increased interest in AI and hopes of a U.S. IPO market rebound, Ibotta is looking to capitalize on the trend. Founded in 2011, Ibotta offers cash back rewards on everyday purchases and plans to list on the NYSE under symbol “IBTA”. Lead underwriters for the IPO include Goldman Sachs, Citigroup Global Markets, and BofA Securities. Trading for Ibotta shares is expected to begin on Thursday.



Read more at Investing.com: Walmart-backed Ibotta targets up to $2.7 billion valuation in US IPO By Reuters