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Ibotta Priced, NYSE: IBTA

Provides a digital marketing platform that offers consumers cash rebates.

Industry: Technology

Latest Trade: $103.59 0.00 (0.0%)

First Day Return: +17.3%

Return from IPO: +17.7%

Industry: Technology

Ibotta’s mission is to Make Every Purchase Rewarding. Our technology allows CPG brands to deliver digital promotions to over 200 million consumers through a single, convenient network called the Ibotta Performance Network (IPN). We are pioneers in success-based marketing: we only get paid when our client’s promotion results in a sale, not when a consumer merely views or clicks on the promotion. We have built the largest digital item-level promotions network in the United States by forming strategic relationships with major retailers which use our digital offers to power their loyalty programs on a white-label basis. Through the IPN, our clients can also reach millions more consumers on our widely used rewards app digital properties, which include the Ibotta-branded cash back mobile app, website, and browser extension (collectively, Ibotta D2C). We work directly with over 850 different clients, representing over 2,400 different CPG brands to source exclusive offers as of December 31, 2023. Most of our offers cover products in non-discretionary categories, such as grocery, but we also work with general merchandise manufacturers in categories such as toys, clothing, beauty, electronics, pet, home goods, and sporting goods. Over time, our clients have generally ramped up their spend with us, and they rarely drop off our network. In fact, of our top 100 clients, 96% were retained from 2022 to 2023.
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IPO Data
IPO File Date 03/22/2024
Offer Price $88.00
Price Range $76.00 - $84.00
Offer Shares (mm) 6.6
Deal Size ($mm) $577
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/17/2024
Offer Price $88.00
Price Range $76.00 - $84.00
Offer Shares (mm) 6.6
Deal Size ($mm) $577
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Goldman Sachs
Citi
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Company Data
Headquarters Denver, CO, United States
Founded 2011
Employees 899
Website www.ibotta.com

Ibotta (IBTA) Performance