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Stock impact report

Walmart-backed Ibotta targets up to $2.7 bln valuation in US IPO [Reuters]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Reuters
, opens new tab -backed digital marketing company Ibotta will likely raise $577.3 million at a valuation of $2.67 billion, after pricing its initial public offering on Wednesday. It plans to sell 6.6 million shares of its class A common stock at $88 apiece, exceeding its earlier price range of $76-$84 apiece, Ibotta added. Increased buzz around artificial intelligence and hopes of a rebound in the U.S. IPO market from a two-year slump, buoyed by a possible soft landing for the economy have encouraged more tech companies to test the IPO waters. Report this ad Ibotta, founded in 2011, provides a platform for brands to deliver promotions to customers and offer cash back rewards on their everyday purchases. Goldman Sachs, Citigroup Global Markets, and BofA Securities are the lead underwriters for the IPO. Ibotta will list on the New York Stock Exchange under ticker symbol "IBTA", with shares expected to start trading on Thursday. Get a look at the day ahead in U.S. and glob Show less Read more
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