Walmart-Backed Digital Marketing Company Ibotta Set For IPO Amid AI Buzz: Details - Walmart...

Published on 18 Apr 2024 on Benzinga

Walmart-Backed Digital Marketing Company Ibotta Set For IPO Amid AI Buzz: Details - Walmart...

Walmart Inc WMT backed Ibotta, a digital marketing company, anticipates raising $577.3 million with a valuation of around $2.7 billion after pricing its initial public offering on Wednesday.

Ibotta plans to offer 6.56 million shares of its Class A common stock at $88 per share, above its earlier price range of $76-$84 per share.

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