Biodesix (BDSX) : 3-year performance

 

Ibotta files for IPO, plans to list on NYSE

Ibotta has filed a registration statement for its proposed initial public offering (IPO) with the Securities and Exchange Commission (SEC). 

The number of shares and the price range for the proposed offering have not yet been determined, the provider of digital promotions and performance marketing solutions said in a Friday (March 22) press release.

Ibotta intends to list its Class A common stock on the New York Stock Exchange (NYSE) under the symbol “IBTA,” according to the release.

The company’s platform enables brands to deliver digital promotions to more than 200 million consumers through the Ibotta Performance Network (IPN), a network of publishers that allows marketers to influence consumers’ shopping habits while paying only when their campaigns directly result in a sale, the press release said. Since 2012, American shoppers have earned $1.8 billion through the IPN.

Ibotta is backed by Walmart and has more than 850 clients, including PepsiCo, Nestle and Coca-Cola, Reuters reported Friday. The company’s revenue grew 52% year-over-year in 2023, and its net income margin grew 12%.

If the pace of IPOs being completed at the time of that report continues, it will exceed the levels seen in 2022 and 2023, Goldman Sachs said.

Potential IPOs for Chime Financial and Encyclopaedia Britannica have been reported in recent days.

On Friday, it was reported that Chime Financial plans to launch its IPO in 2025 after having been considered an IPO candidate for years. 

Encyclopaedia Britannica announced in January that it confidentially submitted a draft registration statement with the SEC relating to a proposed IPO. Bloomberg reported Monday that the company is aiming for a valuation of about $1 billion and may launch its IPO as early as June.

Reddit files for IPO

Social-media platform Reddit — the home of AMAs, Wall Street Bets and thousands of other online communities — publicly filed its registration statement for an IPO on Thursday, detailing plans to push further into advertising, data sales and analytics, and what it called its budding user-driven economy.

The company, founded in 2005, plans to trade on the New York Stock Exchange under the ticker symbol “RDDT.” The filing did not disclose the number of shares to be offered or their potential price.

Reddit's US IPO filing reveals $90.8 million losses, 21% revenue growth in 2023

(Reuters) -Reddit disclosed on Thursday that its net loss narrowed to $90.8 million and revenue growth was roughly 21% in 2023, as the social media company made its IPO filing public in the run-up to its highly anticipated planned U.S. stock market debut in March.

The initial public offering (IPO) filing comes almost two decades after Reddit's launch and will be a major test for the platform that still lags the commercial success of social media contemporaries such as Facebook and Twitter, now known as X.

Reddit said it had an average of 73.1 million daily active users and 267.5 million weekly active users in the three months ended Dec. 31, 2023. The company said over 100,000 active communities used its platform, which had 1 billion cumulative posts.

In the IPO filing, Reddit reported a narrower net loss of $90.8 million for the year ended Dec. 31 and logged revenue growth of $804 million, up from $666.7 million a year earlier.

Reuters reported on Wednesday, citing sources, that San Francisco-based Reddit has struck a deal with Alphabet's Google to make its content available to train the search engine giant's artificial intelligence models. The contract is worth about $60 million each year, according to one of the sources.