IPO IBTA.NYSE Past

Ibotta

Advertising

Company website

Ticker

IBTA.NYSE

Market

Capitalization

$2,42B

Foundation year

2011

Employees

815

IPO date

4/17/2024

About

Ibotta Inc. is a company specializing in advertising services, with incorporation in Delaware. CEO Bryan Leach, in the prospectus, reminisces about the company's humble beginnings in a Denver fire station basement twelve years ago. He highlights Ibotta's efficient, capital-light business model, which has enabled rapid growth, profitability, and the creation of a difficult-to-replicate multi-sided network. Ibotta's notable achievement includes giving back approximately $1.8 billion in cash to U.S. consumers on everyday purchases.

Headquarters

1801 California Street, Suite 400 Denver, Colorado

Team

Bryan Leach - Founder & Chief Executive Officer

Sunit Patel - Chief Financial Officer

Luke Swanson - Chief Technology Officer

Financial information

Revenues	$320.0 mil (last 12 months)
Net Income	$38.1 mil (last 12 months)

Clients

Partnerships with major retailers like Walmart, Family Dollar, a Dollar Tree, Inc. subsidiary, among others. These partnerships enable consumers to redeem offers seamlessly within these retailers' platforms.

Underwriters

Goldman Sachs/ Citigroup/ BofA Securities/ Evercore ISI/ UBS Investment Bank/ Wells Fargo Securities