Ibotta's Successful IPO Surges Past Expectations

Walmart-backed digital marketing firm Ibotta sees significant stock price increase, trading above initial estimates on its first day.

Ibotta's shares soared over 17% on its debut, trading as high as $117 per share.
The IPO generated over $577 million, significantly above the expected range.
More than 150 new millionaires were created among Ibotta's employees, mainly in Denver.
The company, profitable for nearly two years, reported $320 million in revenue last year.
Ibotta's platform, powered by AI, serves over 850 clients and 2,400 product brands.