The IPO market has not roared back in 2024 as many investors hoped it would — not yet, at least. Elevated interest rates (this week’s 50 bps rate cut notwithstanding) and uncertainty related to the U.S. election have prompted many companies to stay private and wait for better market conditions. But a handful of companies […]
Ibotta’s IPO opens sharply higher, hinting at warming public-market interest in tech shares
Ibotta began it’s path as a public company on Thursday by opening at $ 117 per share, a big increase from its IPO price of $ 88, itself an increase from its proposed range of $ 76 to $ 84 per share. And this pop is despite boosting the size of its offering earlier in the […]
Ibotta’s expansion into enterprise should set it up for a successful IPO
Ibotta confidently submitted an S-1 filing with the SEC on March 22 with the intent to list its shares on the New York Stock Exchange. The 13-year-old cash-back startup looks to make its public debut after turning profitable and recording impressive revenue growth in 2023. The company reported $ 320 million in revenue in 2023, […]