"Ibotta's IPO Makes 150 Millionaires and Soars 17% in Post-IPO Trading"
Denver-based digital marketing and consumer rebate platform Ibotta exceeded expectations in its initial public offering, raising $328 million for investors and $198 million for itself. The offering, priced at $88 per share, saw strong demand, with shares opening at $117 and closing at $103.25, valuing the company at $3.1 billion. The IPO minted over 150 new millionaires, many based in Denver, and is expected to attract top technology talent to the company. Ibotta has rebated over $1.8 billion to consumers and works with major retailers like Walmart and Kroger.