Current location:International Iterations news portal > health
Ibotta IPO: Shares of Walmart
International Iterations news portal2024-04-19 18:48:57【health】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.videocameralive.com/tag/carrying/
Very good!(63862)
Related articles
- Tibetan political leader ‘optimistic’ about passage of US bill on Tibet — Radio Free Asia
- Nina Dobrev and boyfriend Shaun White are loved
- Nation's rich cultural heritage continues to captivate
- Xi, Honduran president exchange congratulations on 1st anniversary of ties
- FIFA plans to add slew of new committees years after cutting them in anti
- The extravagance of simplicity
- Early settlement of situation on China
- In North Macedonia, two inmates walked out of hospital. Now, police are accused of helping them
- The Arizona Coyotes are officially headed to Salt Lake City
- Greek athletes excited to attend Chengdu Universiade
Popular articles
Recommended
Olivia Dunne congratulates LSU teammate on winning top award ahead of semifinals meet
Artist's creative products bring loved ones closer to the departed
S. Korea's opposition party leads parliamentary elections with 62.5% votes counted
Israeli cabinet convenes in preparation for possible Iranian retaliation
As Kansas City Chiefs star Patrick Mahomes insists his 'dad bod' is 'great' for his NFL performance
In North Macedonia, two inmates walked out of hospital. Now, police are accused of helping them
S. Korea's opposition party leads parliamentary elections with 62.5% votes counted
Nation aims to create over 12 million new jobs
Links
- Supreme Court gives some military veterans more generous educational benefits
- China prepares to launch relay satellite Queqiao
- Coverage of China's basic medical insurance stable
- Lawyer for former top lawmaker in Michigan House expects he will be charged
- German chancellor presses China on Russia's invasion of Ukraine
- IMF: Outlook for world economy is brighter, though still modest by historical standards
- China ready to work with neighboring countries to expand convergence of interests: spokesperson
- Olivia Williams opens up on 'harrowing' experience as guest star on season four finale of Friends
- Latest I'm A Celebrity eviction sees campmates at a loss as they struggle to feed themselves
- US Olympic committee strikes sponsorship deal to help athletes get degrees after they retire