Ibotta Announces Full Exercise of Underwriters’ Option to Purchase Additional Shares in Initial Public Offering
26 April 2024 - 6:00AM
Ibotta, Inc. (NYSE: IBTA), a leading technology company providing
digital promotions and performance marketing solutions, announced
today that in connection with its previously announced initial
public offering of 6,560,700 shares of its Class A common stock,
2,500,000 of which were sold by Ibotta and 4,060,700 of which were
sold by certain selling stockholders, the underwriters have
exercised in full their option to purchase from the selling
stockholders an additional 984,105 shares of Class A common stock
at the initial public offering price of $88.00 per share, less
underwriting discounts and commissions. Ibotta did not receive any
proceeds from the sale of the shares by the selling stockholders.
The offering closed on April 25, 2024.
Goldman Sachs & Co. LLC, Citigroup and BofA Securities acted
as joint lead book-running managers for the offering and Evercore
ISI, UBS Investment Bank and Wells Fargo Securities acted as joint
book-running managers. Citizens JMP, Needham & Company and
Raymond James acted as co-managers for the offering.
The offering was made only by means of a prospectus. Copies of
the prospectus relating to the offering may be obtained from:
Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200
West Street, New York, NY 10282, by telephone at 1-866-471-2526, or
by email at prospectus-ny@ny.email.gs.com; Citigroup, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717 or by telephone at 1-800-831-9146; and BofA Securities,
NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001,
Attention: Prospectus Department, or by email at
dg.prospectus_requests@bofa.com.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
April 17, 2024. This press release shall not constitute an offer to
sell or a solicitation of an offer to buy, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About IbottaBuilt and headquartered in Denver,
Colo., Ibotta ("I bought a...") is a leading performance marketing
platform allowing brands to deliver digital promotions to over 200
million consumers through a network of publishers called the Ibotta
Performance Network (IPN). The IPN allows marketers to influence
what people buy, and where and how often they shop – all while
paying only when their campaigns directly result in a sale.
American shoppers have earned over $1.8 billion through the IPN
since 2012. A great place to work, Ibotta has been recognized by
The Denver Post four times, made Built In Colorado’s Best Places to
Work list three years in a row and appeared on Inc.’s list of Best
Workplaces twice.
ContactCorporate CommunicationsHilary
O’Byrne, hilary.obyrne@ibotta.com
Investor RelationsIR@ibotta.com
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