Ibotta Inc (Ticker: IBTA US) is set to go public with an IPO on the New York Stock Exchange, aiming to raise $472.5 million by offering 5,625,000 shares at a price range of $76.00 to $84.00.

The company, operating in the Applications Software industry, is known for its technology platform that enables consumers to earn cash back on purchases through partnerships with major retailers and consumer packaged goods (CPG) brands, including Walmart and Dollar General.

Ibotta has demonstrated significant financial growth, reporting $320 million in revenue for 2023, a 52% increase from the previous year, and a net income of $38.1 million, marking an improvement from previous losses. The company plans to use the funds raised for general corporate purposes and potential strategic investments. The offering is managed by Goldman Sachs, BofA Securities, and Citigroup Global Markets Realty Corp. Ibotta's IPO is anticipated for April 17, 2024, showcasing its role in performance marketing and its impact on the digital promotions and rewards sector.