Walmart-Backed Ibotta Rises 17% After $577 Million IPO
Ibotta Inc. climbed 17% in its trading debut after the digital marketing software firm and a group of shareholders raised about $577.3 million in an initial public offering priced above a marketed range.Shares in the company, which helps brands deliver mobile promotions through rewards and rebates, and counts Walmart Inc. as a backer, closed trading at $103.25 each Thursday after earlier gaining as much as 34%....
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