Ibotta Announces Pricing of Initial Public Offering
April 17 2024 - 9:00PM
Ibotta, Inc. (NYSE: IBTA), a leading technology company providing
digital promotions and performance marketing solutions, announced
today the pricing of its initial public offering of 6,560,700
shares of its Class A common stock, 2,500,000 of which are being
sold by Ibotta and 4,060,700 of which are being sold by certain
selling stockholders, at a public offering price of $88.00 per
share. In connection with the offering, the selling stockholders
have granted the underwriters a 30-day option to purchase up to an
additional 984,105 shares of Class A common stock at the initial
public offering price, less underwriting discounts and commissions.
Ibotta will not receive any proceeds from the sale of the shares by
the selling stockholders.
The shares are expected to begin trading on the New York Stock
Exchange on April 18, 2024, under the symbol "IBTA.” The offering
is expected to close on April 22, 2024, subject to customary
closing conditions.
Goldman Sachs & Co. LLC, Citigroup and BofA Securities are
acting as joint lead book-running managers for the offering, with
Evercore ISI, UBS Investment Bank and Wells Fargo Securities acting
as joint book-running managers. Citizens JMP, Needham & Company
and Raymond James are acting as co-managers for the offering.
The offering will be made only by means of a prospectus. Copies
of the prospectus relating to the offering may be obtained, when
available, from: Goldman Sachs & Co. LLC, Attention: Prospectus
Department, 200 West Street, New York, NY 10282, by telephone at
1-866-471-2526, or by email at prospectus-ny@ny.email.gs.com;
Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717 or by telephone at 1-800-831-9146; and
BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte,
NC 28255-0001, Attention: Prospectus Department, or by email at
dg.prospectus_requests@bofa.com.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
April 17, 2024. This press release shall not constitute an offer to
sell or a solicitation of an offer to buy, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About IbottaBuilt and headquartered in Denver,
Colo., Ibotta ("I bought a...") is a leading performance marketing
platform allowing brands to deliver digital promotions to over 200
million consumers through a network of publishers called the Ibotta
Performance Network (IPN). The IPN allows marketers to influence
what people buy, and where and how often they shop – all while
paying only when their campaigns directly result in a sale.
American shoppers have earned over $1.8 billion through the IPN
since 2012. A great place to work, Ibotta has been recognized by
The Denver Post four times, made Built In Colorado’s Best Places to
Work list three years in a row and appeared on Inc.’s list of Best
Workplaces twice.
ContactCorporate CommunicationsHilary O’Byrne,
hilary.obyrne@ibotta.com
Investor RelationsIR@ibotta.com