01:34 PM EDT, 04/18/2024 (MT Newswires) -- Ibotta ( IBTA ) shares surged in their trading debut on the New York Stock Exchange on Thursday following its initial public offering.

The stock was up about 17% at $103.36 in recent trading after opening at $117.

The performance marketing platform company, backed by Walmart ( WMT ) , priced its IPO of almost 6.6 million class A shares at $88 per share, with 2.5 million shares coming from the company and the rest from some stockholders.