Current location:International Issue news portal > entertainment
Ibotta IPO: Shares of Walmart
International Issue news portal2024-04-19 20:00:19【entertainment】3People have gathered around
IntroductionNEW YORK (AP) — Shares of Ibotta, a Walmart-backed digital company that offers customers cash-back r
NEW YORK (AP) — Shares of Ibotta, a Walmart-backed digital company that offers customers cash-back rewards and rebates on grocery brands ranging from Nestle to Coca-Cola, rose 17% in their Wall Street debut.
The stock, which trades under the ticker “IBTA” on the New York Stock Exchange, opened Thursday at $117, well above the $88 offering price. By mid-afternoon trading, it had lost some momentum and closed at $103.25, giving it a market value of more than $3 billion.
Ibotta joins a handful of tech companies like Instacart and Reddit that enjoyed a solid debut in the public markets. Last September, grocery delivery Instacart’s shares finished the day up 12.3% on Nasdaq, giving the company a market value of more than $11 billion. Reddit’s stock soared in its Wall Street debut in March of this year as investors pushed the value of the company close to $9 billion seconds after it began trading on the New York Stock Exchange.
Address of this article:http://www.olivelawfirm.net/tag/miller-rosnick-d-amico/
Very good!(5643)
Related articles
- Bills' Josh Allen credits receiver Stefon Diggs for being the caliber of QB he is today
- China's autonomous driving enters fast lane with commercial operations
- China expenses concerns over EU commission probes
- World Conference on Integrated Circuits 2022 kicks off in China's Hefei
- As Kansas City Chiefs star Patrick Mahomes insists his 'dad bod' is 'great' for his NFL performance
- Why foreign enterprises double down on investment in China
- China's autonomous driving enters fast lane with commercial operations
- China's first Mars rover named Zhurong
- Columbia University: Police arrest protesters who had set up pro
- Airlines see significant recovery in bookings
Popular articles
Recommended
Arizona Republican drops reelection effort after accusation he forged signatures
Cloned arctic wolf makes debut in NE China's Heilongjiang
How China's breadbasket province ensures grain output through new technologies
China remains biggest export country for German electrical, digital industry in 2021
Palestinian American poet Fady Joudah receives $100,000 prize
Xi Calls for New, Greater Contributions to Advancing Cause of Women and Children
China launches new remote
China prepares to launch space station core module
Links
- China's GDP grew 5.3% in Q1, beating expectations
- Canadian gov't announces plan to solve national housing crisis
- 'Xi Jinping on the Belt and Road Initiative' informs and inspires readers in Chile
- Record foreign visitors to Japan reported in February
- North America witnesses total solar eclipse
- Rescuers battling forest fire in China's Sichuan
- Xi meets National Assembly of Vietnam chairman, urges strong sense of community with shared future
- Israel vows 'appropriate response' if Iran attacks its territory
- Belarus, Azerbaijan to strengthen bilateral cooperation
- China to step up financial support for green development