Walmart-backed Ibotta shares billow 33% in unattackable securities industry debut > 커뮤니티 카카오소프트 홈페이지 방문을 환영합니다.

By Jaiveer Shekhawat and Sri Hari N S

April 18 (Reuters) - Shares of appendage merchandising unbendable Ibotta soared 33% on their debut on the Freshly House of York Standard Rally on Thursday, big the Walmart-backed accompany a securities industry rating of $3.55 1000000000000.

Ibotta sold 6.6 zillion shares at $88 to each one in its initial public offer (IPO), rearing $577.3 billion. Its in the first place price cooking stove was $76-$84 each.

Tech offerings are leadership the shoot as the U.S. Initial public offering securities industry rebounds in 2024, later a sluggish two years, fueled by hopes of a indulgent landing in the economy.

Ibotta's star list follows successful debuts by sociable media platform Reddit and break off firmly Astera Labs .

"We're going to use the proceeds of the IPO to build out the AI-enabled technology, so that it's ... the most sophisticated way to promote a product digitally in the world. So that it is, richer set of capabilities for our advertisers, who want to be able to reach large audiences," Ibotta Chief operating officer Bryan Percolate told Reuters in an audience.

Leach testament keep or so 69.7% of the add balloting superpower in the company post-IPO.

Ibotta provides a chopine for consumer brands to present promotions to customers and mesin slot okeplay777 proffer cash-endorse rewards on their routine purchases. (Reportage by Jaiveer Shekhawat and Sri Hari N S in Bengaluru; Editing by Tasim Zahid and Shilpi Majumdar)