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Ibotta
IPOIBTA.NYSEPast

Ibotta

Advertising

Company website ↗
Foundation year: 2011
Market capitalization
$2,42B
Employees
815
IPO date
17/04/2024

About

 

Ibotta Inc. is a company specializing in advertising services, with incorporation in Delaware.  CEO Bryan Leach, in the prospectus, reminisces about the company's humble beginnings in a Denver fire station basement twelve years ago. He highlights Ibotta's efficient, capital-light business model, which has enabled rapid growth, profitability, and the creation of a difficult-to-replicate multi-sided network. Ibotta's notable achievement includes giving back approximately $1.8 billion in cash to U.S. consumers on everyday purchases.

 

Headquarters

1801 California Street, Suite 400 Denver, Colorado

Team

Bryan Leach - Founder & Chief Executive Officer

Sunit Patel - Chief Financial Officer

Luke Swanson - Chief Technology Officer

Financial information

Revenues $320.0 mil (last 12 months)
Net Income $38.1 mil (last 12 months)

Clients

Partnerships with major retailers like Walmart, Family Dollar, a Dollar Tree, Inc. subsidiary, among others. These partnerships enable consumers to redeem offers seamlessly within these retailers' platforms.

Underwriters

Goldman Sachs/ Citigroup/ BofA Securities/ Evercore ISI/ UBS Investment Bank/ Wells Fargo Securities

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