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Ibotta’s IPO opens sharply higher, hinting at warming public-market interest in tech shares
Ibotta began it’s path as a public company on Thursday by opening at $117 per share, a big increase from its IPO price of $88, itself an increase from its
And this pop is despite boosting the size of its offering earlier in the week, with existing shareholders expanding their sale by just under one million shares. Its successful debut marks the third major tech IPO in the United States this year, and is the third in a row to price well and immediately trade higher. Smith agrees, calling the upcoming Rubrik IPO “an even bigger test” for tech debuts “given its weaker current financial picture.”
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