Reported Earlier, Ibotta Prices Initial Public Offering 6,560,700 Class A Common Stock At $88/Share
Portfolio Pulse from Benzinga Newsdesk
Ibotta has priced its IPO of 6,560,700 Class A shares at $88 each, with 2,500,000 shares sold by Ibotta and 4,060,700 by selling stockholders. The shares will trade on the NYSE under the symbol "IBTA" starting April 18, 2024. Ibotta won't profit from the stockholders' sales.
April 18, 2024 | 8:11 am
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Ibotta's IPO pricing at $88 per share with a total of 6,560,700 shares, begins trading on NYSE under "IBTA" from April 18, 2024.
The IPO pricing and the commencement of trading on the NYSE are significant milestones for Ibotta, likely attracting investor interest and potentially driving up the stock price in the short term due to the publicity and investor anticipation.
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