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Stock impact report

Ibotta Announces a $100 Million Increase to Its Share Repurchase Program

Ibotta, Inc. Class A (IBTA) 
Company Research Source: Business Wire
DENVER--(BUSINESS WIRE)--Ibotta, Inc. (NYSE: IBTA), the performance marketing platform for promotions, announced that its Board of Directors authorized the purchase of up to an additional $100 million of the Company’s Class A common stock, effective immediately. This new authorization follows prior Board approval for $300 million repurchase of the Company’s Class A common stock.“This new authorization reflects the Board’s continued confidence in our long-term growth prospects and our commitment to a disciplined capital allocation strategy that creates value for our shareholders,” said Bryan Leach, Founder and CEO of Ibotta. “Our strong balance sheet and consistent cash flow generation allow us to return capital to our owners while continuing to invest in the Ibotta Performance Network.”The Share Repurchase Program has no expiration date. Repurchases under the Share Repurchase Program may be made from time to time through open market repurchases or through privately negotiated tran Show less Read more
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