-- Digital marketing software firm Ibotta Inc. filed for an initial public offering on the heels of this week’s successful debuts by Reddit Inc. and Astera Labs Inc.What Happens If Trump Can’t Post His $454 Million Bond
Ibotta handles promotions for more than 2,400 brands, such as Coca-Cola, Whirlpool and Hallmark, according to its filing with the US Securities and Exchange Commission. The company had net income of $38 million on revenue of $320 million for last year, compared with a net loss of $55 million on revenue of $211 million the previous year, according to the filing.
Digital promotions now make up the majority of consumer promotions, with 87% of consumers’ grocery purchases being influenced by offers, discounts, and promotions, Leach said in a letter to investors included in the filing.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Walmart-Backed Ibotta Files for IPO Disclosing Profitable TurnWalmart-backed Ibotta has filed for an IPO, revealing its profitability and plans for future growth.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Meta, Microsoft, X Band Together Against Apple’s App Store PlansMeta Platforms Inc., Microsoft Corp., X Corp. and Match Group Inc. asked a federal judge to reject Apple Inc.’s plan for opening its App Store to outside payment options.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Crescent Point Energy Corp. plans to change company name to Veren Inc.Crescent Point Energy Corp. says it plans to change its name to Veren Inc.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Geely-Backed Phonemaker Taps Banks for IPO at $2 Billion ValueDreamSmart Group, the smartphone maker that last year pivoted toward developing artificial intelligence for mobile devices, has selected banks to prepare for its Hong Kong initial public offering that may value it at more than 15 billion yuan ($2.1 billion).
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Johnny Depp, Amber Heard, and a legion of Saudi-backed bots | Front Burner | CBC PodcastsThe legal proceedings between ex-spouses Johnny Depp and Amber Heard made nonstop headlines in 2022 — and online discourse at the time seemed to be overwhelmingly in favour of Depp. The tweets in particular caught the eye of investigative reporter and Tortoise Media editor Alexi Mostrous.
Source: CBC - 🏆 32. / 63 Read more »
Russia, China veto U.S.-backed UN resolution for Gaza ceasefireRussia and China on Friday vetoed a U.S.-sponsored UN resolution calling for “an immediate and sustained ceasefire” in the Israel-Hamas conflict in Gaza.
Source: GlobalCalgary - 🏆 50. / 61 Read more »