Walmart-Backed Tech Company Ibotta Files for U.S. IPO

Walmart-backed digital marketing company Ibotta has filed to go public in the United States, it said in a filing on Friday.

The Denver-based company, which counts PepsiCo, Nestle and Coca-Cola among its more than 850 clients, did not disclose the size of the offering.

Its revenue grew 52% year-on-year to $320 million in 2023 while net income margin grew 12%, the filing showed.

Read the source article at Yahoo Finance