Digital marketing platform Ibotta is launching its Initial Public Offering (IPO) with a valuation ranging up to $2.7 billion. The company has set terms for a $450 million IPO under the ticker $IBTA $IPO #IPO. Ibotta, which counts Walmart among its backers, aims to raise as much as $472.5 million through the sale of 2.5 million shares priced between $76 and $84 each, according to Bloomberg. The Denver-based company had previously achieved a $1 billion valuation in 2019. This move comes as part of a broader trend of tech IPOs, following recent public offerings from companies like Astera Labs and Reddit.