IBTA News

Eighteen IPOs raised a combined $5.3 billion in April, above the 10-year historical average by deal count and proceeds (16 IPOs, $3.7B). It was the busiest month for both overall new issuance and $100+ million IPOs since November 2021. Nine deals raised $100 million or more, led by the billion-dollar offering of cruise operator Viking (VIK). Large VC-backed tech...read more

For investors interested in artificial intelligence, the IPO market is the space to watch. A number of recent tech issuers have made AI-focused pitches, while private AI startups continue to raise significant funding as they mature. As the field continues to develop, the IPO market will play an important role as the front door for AI. In recent years, a few issuers have come to...read more

Five IPOs raised $858 million this past week, led by fast-growing digital coupon platform Ibotta (IBTA) and utility infrastructure services carve-out Centuri Holdings (CTRI). Both deals managed to price above the midpoint and notch double-digit returns, even as the broader IPO Index plunged 6.9% this week, alongside a 5.5% drop in the Nasdaq....read more

Ibotta, which provides a digital marketing platform that offers consumers cash rebates, raised $577 million by offering 6.6 million shares (62% secondary) at $88, above the range of $76 to $84. The Denver, CO-based company had originally filed to offer 5.6 million shares, before increasing the secondary component of the deal on Tuesday. Ibotta is a technology company that allows...read more