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Ibotta, founded in 2011, provides a platform for brands to deliver promotions to customers and offer cash back rewards on their e Walmart-backed Ibotta targets up to $2.7 billion valuation in US ...
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An initial public offering by Ibotta, a digital promotions company whose backers include Walmart, could more than double the firm's valuation compared with where it stood after a 2019 funding round.
It’s currently trading at $63 a share with a $1.7 billion market cap. Ibotta’s CEO, Bryan Leach, told TechCrunch that five months after the IPO, he doesn’t regret taking his company public ...
Walmart’s partner on Rewards, Ibotta, is a digital couponing service, not a cash-back credit card. Before today, Walmart has been one of the retailers available in Ibotta’s own app, in fact.
Update: Shares of Ibotta closed at $103.25 yesterday, up 17%. The company has given up some ground to $97.38 per share today, lower, but still comfortably above its IPO price.
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