Ibotta IPO Shares Open For Trade At $117/Share; IPO Priced At $88/Share On 6,560,700 Shares
Portfolio Pulse from Benzinga Newsdesk
Ibotta's IPO shares opened for trading at $117 per share, significantly higher than the IPO pricing of $88 per share, on a total of 6,560,700 shares.
April 18, 2024 | 4:51 pm
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POSITIVE IMPACT
Ibotta's shares opened at $117, substantially above the IPO price of $88, indicating strong market reception.
The significant gap between the IPO pricing and the opening price suggests a strong investor demand and positive market sentiment towards Ibotta. This bullish start could lead to short-term upward momentum in IBTA's stock price as the market responds to the successful IPO.
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