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Walmart-Backed Ibotta Shares Surge 34% After $577 Million IPO [Yahoo! Finance]
Last walmart inc. earnings: 2/18 06:00 am
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US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Most Read from Bloomberg Dubai Grinds to Standstill as Flooding Hits City Elon Wants His Money Back Singapore Loses ‘World's Best Airport' Crown to Qatar Record Rainfall in Dubai? Blame Climate Change, Not Cloud Seeding Red Lobster Considers Bankruptcy to Deal With Leases and Labor Costs Shares in the company, which helps brands deliver mobile promotions through rewards and rebates, and counts Walmart Inc. as a backer, traded at $107.68 each as of 1:01 p.m. on Thursday. The firm and the shareholders sold 6.56 million shares for $88 each on Wednesday. The trading gives Denver-based Ibotta a market value of $3.3 billion, based on the outstanding shares listed in its filings with the US Securities and Exchange Commission. Including stock options and restricted share units, its fully diluted value would be closer to $4 billion. Ibotta, which had marketed the shares for $76 to $84 each, increased the size of the offering on Tuesday from about 5.6 million, according to its
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