Walmart-Backed Ibotta, Holders Seek Up to $472.5 Million in IPO
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Ibotta Inc., a digital marketing software firm that counts Walmart Inc. as a backer, and shareholders are seeking to raise as much as $472.5 million in an initial public offering.
The Denver-based company, which helps brands deliver mobile promotions through rewards and rebates, is offering 2.5 million shares for $76 to $84 each, according to a filing Monday with the US Securities and Exchange Commission. Shareholders including Chief Executive Officer Bryan Leach and Koch Industries Inc.’s venture capital arm are offering 3.125 million existing shares, the filing shows.