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Week of Expected Pricing 4/18/2024
Company Name IBOTTA INC.
Proposed Ticker IBTA
CUSIP 451051106
Business Description Ibotta’s mission is to Make Every Purchase Rewarding. Our technology allows CPG brands to deliver digital promotions to over 200 million consumers through a single, convenient network called the Ibotta Performance Network (IPN). We are pioneers in success-based marketing: we only get paid when our client’spromotion results in a sale, not when a consumer merely views or clicks on thepromotion. We have built the largest digital item-level promotions network in the United States by forming strategic relationships with major retailers which use our digital offers to power their loyalty programs on a white-label basis.Through the IPN, our clients can also reach millions more consumers on our widely used rewards app digital properties, which include the Ibotta-branded cash back mobile app, website, and browser extension (collectively, Ibotta D2C)
Lead Underwriter BofA Securities, Inc,Citigroup Global Markets Inc,Goldman Sachs & Co. LLC
Co-Managers Citizens JMP Securities, LLC,Evercore Group L.L.C,Needham & Company, LLC,Raymond James and Associates, Inc,UBS Investment Bank,Wells Fargo Securities, LLC
Initial Shares 5,625,000
Revised Initial Shares 6,560,700
Initial Price $88.00-$88.00
Revised Price N/A
Final Price $88.00
Final Ticker IBTA

 

 

   
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