NEW YORK -- Shares of Ibotta, a Walmart-backed digital company that offers customers cash-back rewards and rebates on grocery brands ranging from Nestle to Coca-Cola, rose 17% in their Wall Street ...
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Shares of Walmart-backed Ibotta jumped over 17% to $103.25 per share in the digital marketing company's first day of trading on the New York Stock Exchange Thursday under the ticker "IBTA.
Ibotta said in its filing that it’s given more than $1.8 billion back to customers since 2012. It reported net income of $38 million on sales of $320 million last year.
Ibotta joins a handful of tech companies like Instacart and Reddit that enjoyed a solid debut in the public markets. Last September, grocery delivery Instacart's shares finished the day up 12.3% ...