NEW YORK (AP) — 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 debut.
The stock, which trades under the ticker “IBTA” on the New York Stock Exchange, opened Thursday at $117, well above the $88 offering price. By mid-afternoon trading, it had lost some momentum and closed at $103.25, giving it a market value of more than $3 billion.
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% on Nasdaq, giving the company a market value of more than $11 billion. Reddit’s stock soared in its Wall Street debut in March of this year as investors pushed the value of the company close to $9 billion seconds after it began trading on the New York Stock Exchange.
Hoaxer who waged 6
Death toll from 4 days of rains rises to 63 in Pakistan with more rain on the forecast
Stock market today: Asian benchmarks are mixed while US seems committed to current rates
Kylie Kelce celebrates her sixth wedding anniversary with husband Jason
Missouri lawmakers expand private school scholarships backed by tax credits
NEW YORK (AP) — Shares of Ibotta, a Walmart-backed digital company that offers customers cash-back r ...[Detailed]AP PHOTOS: Aboard France's aging nuclear submarines — old boats but new missions
TOULOUSE, France (AP) — Once again, the oceans beckon for France’s veteran nuclear-powered attack su ...[Detailed]UK inflation falls to lowest level since late 2021 as food prices ease further
LONDON (AP) — Inflation in the U.K. fell to its lowest level in two and a half years in March after ...[Detailed]EU leaders want to talk competitiveness. Middle East tensions and Ukraine top their summit list
BRUSSELS (AP) — European leaders’ discussions at a summit in Brussels were set to focus on the bloc’ ...[Detailed]Ally Financial, CSX rise; Equifax, Synovus Financial fall, Thursday, 4/18/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday:CSX Corp., u ...[Detailed]Guerrero has 2 RBIs as Blue Jays win 5
TORONTO (AP) — Vladimir Guerrero Jr. reached base four times and had two RBIs, Yusei Kikuchi won for ...[Detailed]India elections 2024: Colorful roadshows, rallies mark start of poll season
NEW DELHI (AP) — Every five years, the world’s most populous democracy holds a giant election for mi ...[Detailed]Commentary: Resilience, potential, fundamentals of Chinese economy remain sound
BEIJING, April 16 (Xinhua) -- A series of indicators have shown the Chinese economy accumulated a nu ...[Detailed]Indianapolis man charged with murder in fatal shootings of 3 at apartment complex
INDIANAPOLIS (AP) — An Indianapolis man has been formally charged with murder in last week’s fatal s ...[Detailed]Alison Hammond's son Aidan follows in his mum's footsteps as he lands HUGE new job
Alison Hammond's son Aidan is following in his mother's showbiz footsteps as he announced he has sec ...[Detailed]The iconic American rivers becoming so filthy with pollution they are 'endangered'
Thailand and New Zealand vow to strengthen economic ties as they set lofty new trade goals
