Ibotta, Inc. Files Amendment No. 1 to S-1 Registration Statement
Ticker: IBTA · Form: S-1/A · Filed: Apr 8, 2024 · CIK: 1538379
| Field | Detail |
|---|---|
| Company | Ibotta, Inc. (IBTA) |
| Form Type | S-1/A |
| Filed Date | Apr 8, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $76.00, $84.00, $1.2, $200 billion, $1.8 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: IPO, S-1 Amendment, Ibotta, Registration Statement, SEC Filing
TL;DR
<b>Ibotta, Inc. has filed an amendment to its S-1 registration statement, indicating its status as a non-accelerated filer and smaller reporting company.</b>
AI Summary
Ibotta, Inc. (IBTA) filed a Amended IPO Registration (S-1/A) with the SEC on April 8, 2024. Ibotta, Inc. filed an amendment (No. 1) to its S-1 registration statement on April 8, 2024. The company is incorporated in Delaware and its fiscal year ends on December 31. Ibotta's principal executive offices are located at 1801 California Street, Suite 400, Denver, Colorado. The filing indicates Ibotta is a non-accelerated filer and a smaller reporting company. The registration statement number is 333-278172.
Why It Matters
For investors and stakeholders tracking Ibotta, Inc., this filing contains several important signals. This amendment provides updated information for Ibotta's potential public offering, crucial for investors to assess the company's readiness and financial standing. The classification as a non-accelerated filer and smaller reporting company suggests specific regulatory requirements and disclosure levels that investors should be aware of.
Risk Assessment
Risk Level: low — Ibotta, Inc. shows low risk based on this filing. The filing is an amendment to an S-1 registration statement, which is a standard procedural step for an IPO and does not contain new material financial or operational information that would significantly alter the risk profile.
Analyst Insight
Monitor future filings for the pricing and effective date of the IPO, as well as detailed financial performance and business strategy disclosures.
Key Numbers
- 333-278172 — Registration Number (S-1 Registration Statement)
- 2024-04-08 — Filing Date (Amendment No. 1)
- 1231 — Fiscal Year End (Company fiscal year)
- 7310 — SIC Code (Services-Advertising)
Key Players & Entities
- Ibotta, Inc. (company) — Registrant
- 333-278172 (regulator) — Registration No.
- April 8, 2024 (date) — Filing date
- Delaware (jurisdiction) — State of incorporation
- 1801 California Street, Suite 400, Denver, Colorado (address) — Principal executive offices
- Bryan Leach (person) — Chief Executive Officer and President
- Willkie Farr & Gallagher LLP (company) — Legal counsel
- Wilson Sonsini Goodrich & Rosati, P.C. (company) — Legal counsel
FAQ
When did Ibotta, Inc. file this S-1/A?
Ibotta, Inc. filed this Amended IPO Registration (S-1/A) with the SEC on April 8, 2024.
What is a S-1/A filing?
A S-1/A is a amendment to an IPO registration statement, typically incorporating SEC feedback. This particular S-1/A was filed by Ibotta, Inc. (IBTA).
Where can I read the original S-1/A filing from Ibotta, Inc.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Ibotta, Inc..
What are the key takeaways from Ibotta, Inc.'s S-1/A?
Ibotta, Inc. filed this S-1/A on April 8, 2024. Key takeaways: Ibotta, Inc. filed an amendment (No. 1) to its S-1 registration statement on April 8, 2024.. The company is incorporated in Delaware and its fiscal year ends on December 31.. Ibotta's principal executive offices are located at 1801 California Street, Suite 400, Denver, Colorado..
Is Ibotta, Inc. a risky investment based on this filing?
Based on this S-1/A, Ibotta, Inc. presents a relatively low-risk profile. The filing is an amendment to an S-1 registration statement, which is a standard procedural step for an IPO and does not contain new material financial or operational information that would significantly alter the risk profile.
What should investors do after reading Ibotta, Inc.'s S-1/A?
Monitor future filings for the pricing and effective date of the IPO, as well as detailed financial performance and business strategy disclosures. The overall sentiment from this filing is neutral.
How does Ibotta, Inc. compare to its industry peers?
Ibotta operates in the advertising services sector, specifically focusing on digital rebates and loyalty programs for consumers and retailers.
Are there regulatory concerns for Ibotta, Inc.?
The filing is made under the Securities Act of 1933, which governs the registration of securities offered to the public.
Industry Context
Ibotta operates in the advertising services sector, specifically focusing on digital rebates and loyalty programs for consumers and retailers.
Regulatory Implications
The filing is made under the Securities Act of 1933, which governs the registration of securities offered to the public.
What Investors Should Do
- Review the full S-1/A filing for detailed business descriptions and risk factors.
- Track subsequent amendments and the final prospectus for IPO details.
- Analyze Ibotta's competitive landscape and market position within the retail technology sector.
Key Dates
- 2024-04-08: Filing of Amendment No. 1 to Form S-1 — Provides updated information for the proposed public offering.
Year-Over-Year Comparison
This is the first amendment filed for this registration statement, indicating an ongoing process towards an initial public offering.
Filing Stats: 4,687 words · 19 min read · ~16 pages · Grade level 12.4 · Accepted 2024-04-08 06:02:49
Key Financial Figures
- $76.00 — l public offering price will be between $76.00 and $84.00 per share. We intend to appl
- $84.00 — fering price will be between $76.00 and $84.00 per share. We intend to apply to list o
- $1.2 — % of grocery sales in the approximately $1.2 trillion grocery sector in 2023, but co
- $200 billion — s than one percent of the approximately $200 billion that CPG brands spend annually to shape
- $1.8 billion — te. So far, we have given approximately $1.8 billion in cash back to U.S. consumers on their
Filing Documents
- ibottas-1a1.htm (S-1/A) — 2721KB
- exhibit107-sx1a1.htm (EX-FILING FEES) — 19KB
- exhibit11-sx1a1.htm (EX-1.1) — 274KB
- exhibit41-sx1a1.htm (EX-4.1) — 4KB
- exhibit51-sx1a1.htm (EX-5) — 14KB
- exhibit101-sx1a1.htm (EX-10.1) — 345KB
- exhibit102-sx1a1.htm (EX-10.2) — 159KB
- exhibit103-sx1a1.htm (EX-10.3) — 398KB
- exhibit105-sx1a1.htm (EX-10.5) — 31KB
- exhibit1032-sx1a1.htm (EX-10.32) — 119KB
- exhibit231-sx1a1.htm (EX-23.1) — 2KB
- business10ca.jpg (GRAPHIC) — 738KB
- business11aa.jpg (GRAPHIC) — 436KB
- business12ba.jpg (GRAPHIC) — 1341KB
- business13f.jpg (GRAPHIC) — 431KB
- business1aa.jpg (GRAPHIC) — 485KB
- business2ab.jpg (GRAPHIC) — 991KB
- business2ac.jpg (GRAPHIC) — 437KB
- business3ab.jpg (GRAPHIC) — 896KB
- business3ac.jpg (GRAPHIC) — 576KB
- business4aa.jpg (GRAPHIC) — 909KB
- business5aa.jpg (GRAPHIC) — 468KB
- business6aa.jpg (GRAPHIC) — 426KB
- business7aa.jpg (GRAPHIC) — 592KB
- business8aa.jpg (GRAPHIC) — 862KB
- coverart1fa.jpg (GRAPHIC) — 684KB
- coverart2aa.jpg (GRAPHIC) — 239KB
- coverart3ba.jpg (GRAPHIC) — 981KB
- coverart4aa.jpg (GRAPHIC) — 82KB
- exhibit41-formofclassaco001.jpg (GRAPHIC) — 283KB
- exhibit41-formofclassaco002.jpg (GRAPHIC) — 180KB
- independentauditor1ba.jpg (GRAPHIC) — 63KB
- mda10ba.jpg (GRAPHIC) — 137KB
- mda11ba.jpg (GRAPHIC) — 165KB
- mda12ba.jpg (GRAPHIC) — 168KB
- mda13ba.jpg (GRAPHIC) — 161KB
- mda14ba.jpg (GRAPHIC) — 182KB
- mda15ba.jpg (GRAPHIC) — 179KB
- mda16ba.jpg (GRAPHIC) — 187KB
- mda17ba.jpg (GRAPHIC) — 82KB
- mda1c.jpg (GRAPHIC) — 688KB
- mda2ba.jpg (GRAPHIC) — 287KB
- mda3ba.jpg (GRAPHIC) — 270KB
- mda4ca.jpg (GRAPHIC) — 189KB
- mda5ba.jpg (GRAPHIC) — 182KB
- mda6ba.jpg (GRAPHIC) — 135KB
- mda7ba.jpg (GRAPHIC) — 158KB
- mda8ba.jpg (GRAPHIC) — 171KB
- mda9ba.jpg (GRAPHIC) — 136KB
- prospectuscover1aa.jpg (GRAPHIC) — 380KB
- prossum2aa.jpg (GRAPHIC) — 747KB
- prossumm1ba.jpg (GRAPHIC) — 1066KB
- wilsonlogo.jpg (GRAPHIC) — 374KB
- 0001628280-24-015123.txt ( ) — 28561KB
RISK FACTORS
RISK FACTORS 25 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS 74 MARKET, INDUSTRY, AND OTHER DATA 76
USE OF PROCEEDS
USE OF PROCEEDS 78 DIVIDEND POLICY 79 CAPITALIZATION 80
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 87
BUSINESS
BUSINESS 114 MANAGEMENT 146
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 156 CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS 174 PRINCIPAL AND SELLING STOCKHOLDERS 177
DESCRIPTION OF CAPITAL STOCK
DESCRIPTION OF CAPITAL STOCK 180 SHARES ELIGIBLE FOR FUTURE SALE 187 MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS FOR NON-U.S. HOLDERS OF OUR COMMON STOCK 190
UNDERWRITING
UNDERWRITING 195 LEGAL MATTERS 203 EXPERTS 203 WHERE YOU CAN FIND ADDITIONAL INFORMATION 203 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS F - 1 Neither we, the selling stockholders, nor any of the underwriters have authorized anyone to provide you any information other than that contained in this prospectus or in any free writing prospectus prepared by or on behalf of us or to which we have referred you. Neither we, the selling stockholders, nor any of the underwriters take any responsibility for and can provide no assurance as to the reliability of any other information that others may give you. We, the selling stockholders, and the underwriters are not making an offer to sell these securities in any jurisdiction where the offer or sale is not permitted. You should assume that the information appearing in this prospectus is accurate only as of the date on the front cover of this prospectus. Our business, financial condition, results of operations, and prospects may have changed since that date. For investors outside of the United States neither we, the selling stockholders, nor any of the underwriters have done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than the United States. Persons outside of the United States who come into possession of this prospectus must inform themselves about, and observe any restrictions relating to, the offering of the shares of Class A common stock and the distribution of this prospectus outside of the United States. GLOSSARY OF KEY TERMS Throughout this prospectus, we use the following key terms Ad products. Paid digital advertisements such as banners, tiles, newsletters, and feature placements bought by clients to raise awareness of their offers andor communicate their brand messages. Application Programming Interface (API). A set of functions and procedures allowing the creation of apps that access th