Ibotta's IPO Raises $577M, Valued at $3.55B on NYSE Debut, April 18

Apr 18, 2024, 12:00 PM

Ibotta, a Denver-based digital marketing software firm, successfully launched its IPO on April 18, 2024, raising approximately $577.3 million. The company, which is backed by Walmart, priced its shares at $88, significantly above the expected range, leading to a market valuation of about $3.55 billion. On its trading debut, Ibotta's stock soared, with shares climbing as much as 34% and jumping 33% at open, reflecting a robust market reception and investor confidence. The IPO, listed under NYSE: IBTA, marks a significant milestone for Ibotta, aligning with its mission to make every purchase rewarding.