Ibotta Stock: When was the Ibotta IPO Date?
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Explore ways to invest in the Ibotta IPO. Ibotta stock priced at $88, started trading on Thursday, April 18th, 2024 at 12:54 pm ET. What time do IPOs start trading?
Ibotta filed for an IPO on Friday, March 22nd. It will trade on the NYSE under the stock symbol “IBTA”. Read the S-1 filing here. Terms here. The Ibotta stock price will update below when it starts trading.
Table of Contents
Recent Ibotta IPO News
04/18/2024: Ibotta IPO First Trade $117 at 12:54 pm ET.
04/17/2024: Ibotta IPO Priced at $88
04/17/2024: Ibotta Upsizes IPO
04/08/2024: Ibotta IPO Roadshow
03/22/2024: Ibotta Files for an IPO
11/02/2023: Ibotta Picks Goldman, Citi to Lead IPO at $2 Billion Valuation
What is Ibotta?
Ibotta is a performance marketing platform that partners with large retailers and innovative brands to offer digital discounts and cash-back rewards to customers. Consumers download the smartphone app or desktop browser extension (similar to Klarna) and make purchases through the app.
The Ibotta mission is to “Make Every Purchase Rewarding“.
Qualifying purchases include groceries, travel, alcohol, entertainment, pet supplies, and dining.
Ibotta works with retailers like Walmart, Home Depot, Kohl’s, Best Buy, eBay, Chewy, Old Navy, and thousands of other brands and retailers.
The company launched the Ibotta Performance Network (IPN) in April 2022, calling it a rewards-as-a-service platform, making it easy to onboard new partners who can access 120+ million consumers through its network.
Bryan Leach founded Ibotta in 2011, inspired by watching someone scan receipts into their phone on a flight. “He thought, what if you could simply upload a picture of a receipt and get instant cash back”.
Its headquarters are in Denver, Colorado.
Here’s an interesting presentation by Bryan Leach about founders and mental health.
Is Ibotta Stock Publicly Traded?
Yes!
When was the Ibotta IPO Date?
The Ibotta IPO date was April 18th, 2024. The deal priced at $88 Wednesday evening and began trading at 12:54 pm ET. The first trade was $117.
Ibotta filed for an IPO on Friday, March 22nd. The Ibotta IPO date should complete within the following four to six weeks. Expect the Ibotta IPO in Q2 2024.
Bloomberg previously reported in early November 2023 that Ibotta aims to IPO in 2024.
Ibotta has hired Goldman Sachs and Citigroup to lead the IPO underwriting.
Bookmark this page for the latest developments.
Ibotta IPO Terms
- Ibotta Ticker: “IBTA”
- Ibotta Stock Exchange: NYSE
- Common Stock Offered: 6,560,700
- Ibotta IPO Price: $88
- Ibotta IPO Date: April 18th, 2024
- Opening trade price: $117
- Ibotta IPO Valuation: $3.0 billion, fully diluted
- Raise: $577 Million
- Lead Underwriters: Goldman Sachs, Citigroup, B of A
What is the Ibotta Stock Symbol? Ibotta Ticker?
The Ibotta stock symbol is IBTA.
Ibotta Valuation
The company aims to launch its IPO at a $3.0 billion valuation.
The previous confirmed Ibotta valuation is $1 billion based on the August 2021 $150 million Series D funding round.
What is the Ibotta Stock Price?
Ibotta S-1 Filing
Here’s a PDF version of the March 22nd, 2024 Ibotta S-1 filing:
Monitor recent S-1 filings via our S-1 filings feed. Get the newest Ibotta S-1 filings at the SEC’s website.
Who Owns Ibotta?
Ibotta is a venture-backed startup. The founder, employees, and venture capital firms own Ibotta.
The company has raised more than $240 million since its founding in 2011. The latest round was a Series D completed in August 2021, raising $150 million and making Ibotta a unicorn.
Venture capital investors include GGV Capital, Great Oaks Venture Capital, Harbor Spring Capital, James Clark, Koch Disruptive Technologies, Teamworthy Ventures, and Thomas Jermoluk.
How to Invest in Ibotta Stock
Since Ibotta is a private company, it will be challenging for retail investors to become shareowners today.
Especially since the company intends to IPO in 2024 — companies tighten share restrictions, and current shareowners usually wait for the IPO when it is close.
Investors can increase their chances of early equity ownership or obtaining IPO shares by exploring the options below.
Accredited investors have a slightly better ability to access direct shares on pre-IPO investing platforms. Non-accredited investors may be able to access shares via venture capital funds in the future.
1. Buy Ibotta stock after the IPO
Investors who did not receive IPO access will be able to buy Ibotta stock on April 18th, 2024. Most investors did not get IPO access. The share pool will be small, yet brand recognition is high.
Waiting for stocks to become publicly traded before investing in them has multiple advantages.
Post-IPO timeframes provide investors with several sets of financials after a few quarters of reporting, whereas pre-IPO investing has limited financials available for review.
IPO stock prices typically rise with high-demand companies. You can benefit if you’re in early and sell when the price overheats.
But without IPO access, post-IPO investors may be tempted to acquire shares at inflated prices.
Stock price declines after IPOs can be excellent entry points.
Avoid purchasing overvalued shares immediately after the IPO, as they tend to experience a decline in value following lockup expirations and quarterly earnings disappointments.
In contrast, the most disruptive companies are likely to experience higher valuations a decade from now. Be selective and patient.
2. Participate in the Ibotta IPO through a participating broker
*** None of these brokers offered IPO access to retail investors. We believe the offering was too small ***
Goldman Sachs, one of the hired underwriters, has a good history of getting shares to retail investors during the IPO. The initial S-1 does not give strong indications of IPO access yet, but we’ll be monitoring amended versions for clues.
Ibotta is not expected to be a large IPO (~$2 billion), so retails access is still a question mark.
The following brokers offer IPO access to retail investors with low minimum investment amounts:
Exclusive access to highly sought-after IPOs may be limited to only one or a few retail online brokers.
TradeStation and Webull have a long track record of accessing more than 360 IPOs and secondary offerings via their partnership with ClickIPO.
But Robinhood has the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs.
Since Ibotta is targeting a $2 billion IPO, shares will not be as plentiful as other high-profile deals. But retail investors still may get a chance to participate.
Open accounts with these brokers and sign up for email alerts for the latest IPO.
Investors can also read company S-1 filings to find evidence that these online brokers may offer access to shares.
Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.
3. Access Ibotta stock via pre-IPO investing platforms
Now that the company has filed for an IPO to go public in Q2 2024, pre-IPO access is less likely. However, there may be some availability.
Interested investors should monitor pre-IPO equity platforms such as Hiive, Linqto, Equitybee, Forge Global, and EquityZen for share future share availability.
Accredited investors should expect to pay at least a $10,000 investment minimum for access, often more.
Signing up for pre-IPO marketplaces to access data deal alerts is obligation-free for all interested investors. That means you can access pre-IPO data as a non-accredited investor but not invest.
Non-accredited retail investors can bypass the accreditation investment requirement to own select pre-IPO companies by owning the Fundrise Innovation Fund, which allows all U.S.-based investors to invest in startups via its platform.
However, investors cannot pick and choose startups, and Ibotta stock is not a current holding.
Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.
Check out our list of top pre-IPO investing platforms for current share availability across platforms.
3. Participate in the Ibotta Directed Share Program (Customers, Partners)
*** Management did not offer a directed share program to customers, only to management friends and family ***.
Another possibility is an Ibotta directed share program whereby Ibotta “rewards” its customers by offering them access to the IPO.
The Ibotta S-1 filing mentions a directed share program, but the specific beneficiaries is vague.
At our request, the underwriters have reserved up to 5% of the shares of Class A common stock offered by this prospectus for sale at the initial public offering price through a directed share program to certain persons identified by management, which may include certain members of our board of directors.
We’d like to see a mention of customer IPO access in this section of the filing. However, since this is expected to be a relatively small IPO, it may not be feasible to offer a limited number of shares to a large customer base.
When customer-centric companies file their S-1 SEC filing (to begin the IPO process), they sometimes include a directed share program for executives, affiliates, and other people who helped the company grow as a reward.
When Ibotta goes public, it can attribute its success to its customers and partners. As a thank you, the company could offer IPO shares to these individuals.
This has happened before.
Uber offered shares to drivers who completed a certain number of trips.
GoPro offered shares to its email list.
Airbnb offered IPO shares to hosts.
Robinhood offered shares to its customers.
If you’re an Ibotta customer, read the amended S-1 filings for clues about a directed share program and monitor all Ibotta emails as the IPO approaches. You may get a shot at IPO shares. Aspiring IPO investors can also become customers to improve your chances of IPO access.
We’ll follow along on this page as Ibotta continues its journey toward a public offering.
Ibotta News Archive
08/06/2019: Ibotta Becomes Colorado’s Latest Tech Unicorn
10/01/2015: Ibotta Closes $40 Million in Series C
Conclusion
Intrigued by exceptional macroeconomic trends such as the ascent of e-commerce, service-based software, and mobile shopping, investors have set their sights on companies poised to ride these waves. Ibotta is no exception.
Owning Ibotta before its IPO will present a formidable challenge for retail investors at this stage, especially those without accredited status.
Since the company has filed for an IPO, pre-IPO share availability is likely to dry up as current shareholders anticipate an IPO bounce.
The Ibotta IPO could present an opportunity for Ibotta customers and retail investors to invest in the IPO. We’ll learn more about this possibility if the S-1 filing contains a directed share program. The first draft does not, so we must hope for better prospects in amended filings.
The IPO is April 18th, 2024. Get ready to invest.
Good luck if you wish to buy Ibotta stock before or during the Ibotta IPO. Invest in pre-IPO and IPO companies at your own risk.
Craig Stephens is a former IT professional who left his 19-year consulting career at the IRS to be a full-time finance writer. A DIY investor since 1995, he started Access IPOs in 2016 to provide a resource for ordinary investors pursuing access to IPOs. Craig studied Finance at Michigan State University and lives in Northern Virginia with his wife and three children. Learn more about Craig.
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