Deals
Walmart-Backed Ibotta, Holders Raise $577 Million in IPO Priced Above Range
- Walmart-backed digital marketer’s shares priced at $88 each
- US listing totals now triple those for same period last year
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Ibotta Inc., a digital marketing software firm that counts Walmart Inc. as a backer, and a group of shareholders raised about $577.3 million in an initial public offering priced above a marketed range.
The Denver-based company, which helps brands deliver mobile promotions through rewards and rebates, and the shareholders sold 6.56 million shares for $88 each, according to terms of the deal seen by Bloomberg News.