Ibotta’s 2024 IPO Opened 33% Above Its Offer Price—but Closed Lower

Ibotta priced its IPO at $88 a share and began trading on the New York Stock Exchange on April 18, 2024. Its first trade was $117—about 33% above the offer price—but the stock closed its first session at $103.25. The debut showed strong opening demand for this deal and offered an encouraging signal for IPOs at the time; it did not prove that interest in technology offerings had broadly or durably returned.

What happened when Ibotta went public?

Ibotta’s Class A shares began trading on the NYSE under the ticker IBTA on April 18, 2024. The company priced the IPO at $88 per share, above the previously reported range of $76 to $84. The SEC’s final prospectus records the offering’s formal closing on April 22, four days after trading began. SEC final prospectus

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