The Denver-based firm, which counts PepsiCo, Nestle and Coca-Cola amongst its greater than 850 purchasers, didn’t disclose the dimensions of the providing.
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Its income grew 52% year-on-year to $320 million in 2023 whereas internet earnings margin grew 12%, the submitting confirmed.
Based by Bryan Leach in 2011, the corporate helps manufacturers ship digital promotions and gives cash-back rewards to shoppers on their on a regular basis purchases.
Ibotta is transferring ahead with its itemizing plans at a time when preliminary public choices in the USA are on the rebound because of easing issues over elevated borrowing prices.
Shares of Reddit Inc and Astera Labs sky-rocketed of their debuts this week, additional encouraging corporations and buyers to return to IPOs after an almost two-year lull.
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Ibotta plans to checklist its shares on the New York Inventory Trade below the image “IBTA”. Goldman Sachs, Citigroup and BofA Securities are the lead underwriters within the preliminary public providing.
