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Stock impact report

Walmart-Backed Ibotta Soars Over 18% After IPO [Forbes]

Walmart Inc. (WMT) 
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Company Research Source: Forbes
Ibotta shares' offering price was $88. (Photo by Jonathan Bachman/Getty Images) Ibotta, which debuted with an offering price of $88, saw its shares trade up as high as $116 on Thursday before cooling off and closing at $104. The company's $88 offering price landed above its initial estimated offering range between $76 and $84. The public debut on the New York Stock Exchange valued the company at $3.55 billion, Reuters reported. Ibotta sold 6.6 million shares at the $88 offering price for its IPO. Big Number 69.7%. That's the share of voting power Ibotta CEO Bryan Leach will hold in the newly public company. Key Background Ibotta, founded in 2011, gives an advertising platform for consumer brands' promotions and provides cashback opportunities for shoppers. The company increased the size of its initial offering from around 5.6 million to 6.5 million shares, according to a Tuesday SEC filing . Koch Disruptive Technologies owns about 15% of Ibotta's Class A shares while Walm Show less Read more
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