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.
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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
Ibotta is now publicly traded. Investors can buy the stock via any online broker, including those that offer IPO access to customers:
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 founded Access IPOs in 2016 to help ordinary investors explore IPO and pre-IPO opportunities. He also manages the Access Club, a membership community for IPO and startup investors. Craig studied Finance at Michigan State University and lives in Northern Virginia. Learn more about Craig.
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