Walmart-Backed Ibotta Soars Over 18% After IPO
T ech marketing firm Ibotta’s stock rocketed Thursday following its public debut, blowing past its offering price one day after the Walmart-backed company raised $577.3 million for its IPO. Ibotta, which debuted with an offering price of $88, saw its shares trade up as high as $116 on Thursday before cooling off and closing at $104.