Core Viewpoint - A class action lawsuit has been filed against Ibotta, Inc. for allegedly misleading investors during its IPO, particularly regarding the risks associated with its contract with Kroger [1][2]. Group 1: Allegations and Contract Issues - The lawsuit claims that Ibotta did not adequately inform investors about the at-will nature of its contract with Kroger, which could be terminated without notice [2]. - Ibotta's 2Q 2024 10-Q report allegedly failed to mention Kroger as a client, despite its inclusion in the Registration Statement [3]. Group 2: Stock Performance - Since its IPO, Ibotta's stock has significantly declined, trading well below the initial offering price of $88.00 per share [3]. Group 3: Class Action Participation - Shareholders interested in participating in the class action must file their papers by June 16, 2025, to serve as lead plaintiff [4].
IBTA Stock Notice: Ibotta, Inc. Stockholders are Encouraged to Contact Shareholder Rights Law Firm Robbins LLP for Information About the IBTA Class Action