Core Viewpoint - Ibotta, Inc. is facing a class action lawsuit related to its initial public offering (IPO), with allegations of misleading information in its offering documents [1][3]. Group 1: Class Action Lawsuit Details - The class action lawsuit, titled Fortune v. Ibotta, Inc., claims that Ibotta and its executives, along with IPO underwriters, violated the Securities Act of 1933 [1][3]. - Investors who purchased Ibotta securities during the IPO on April 18, 2024, have until June 16, 2025, to seek appointment as lead plaintiff in the lawsuit [1][5]. - The lawsuit alleges that Ibotta failed to disclose significant risks regarding its contract with The Kroger Co., including the at-will nature of the contract, which could allow Kroger to terminate it without notice [3][4]. Group 2: Financial Impact - Ibotta sold 2.5 million shares at $88.00 per share during its IPO, but as of April 17, 2025, the securities have traded significantly lower than the IPO price [2][4]. - The complaint indicates that the misleading information in the IPO documents has contributed to substantial losses for investors [2][3]. Group 3: Legal Representation - Robbins Geller Rudman & Dowd LLP is representing investors in this class action lawsuit and is recognized as a leading law firm in securities fraud litigation [6]. - The firm has a strong track record, having recovered over $2.5 billion for investors in securities-related class action cases in 2024 alone [6].

Core Viewpoint - Ibotta, Inc. is facing a class action lawsuit related to its initial public offering (IPO), alleging that the offering documents were misleading and failed to disclose significant risks associated with its contracts, particularly with The Kroger Co. [1][3] Company Overview - Ibotta, Inc. is described as a technology company that enables consumer packaged goods brands to deliver digital promotions through its Ibotta Performance Network [2]. IPO Details - During its IPO on April 18, 2024, Ibotta sold 2.5 million shares at a price of $88.00 per share [2]. Allegations in the Lawsuit - The lawsuit claims that Ibotta did not adequately warn investors about the risks related to its contract with Kroger, which was at-will, meaning it could be canceled without notice [3]. - The complaint also points out that while Ibotta provided detailed information about its contract with Walmart, it failed to mention the at-will nature of the Kroger contract [3]. Current Trading Status - As of April 17, 2025, Ibotta's securities have traded significantly lower than the IPO price of $88.00 per share [4]. Class Action Process - The Private Securities Litigation Reform Act of 1995 allows investors who purchased Ibotta's securities during the IPO to seek appointment as lead plaintiff in the class action lawsuit [5]. - The lead plaintiff represents the interests of all class members and can choose a law firm to litigate the case [5]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [6].

NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) -- Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights litigation firm, has filed a securities class action lawsuit in the United States District Court for the District of Colorado against Ibotta, Inc. (“Ibotta” or the “Company”) (NYSE: IBTA), and certain of its directors, officers, and the underwriters of Ibotta’s April 18, 2024 initial public offering (“IPO”) (collectively, “Defendants”). The Class Action asserts claims ...

Core Points - Ibotta, Inc. is facing a class action lawsuit related to its IPO, with a deadline for potential lead plaintiffs set for June 16, 2025 [1][5] - The lawsuit alleges that Ibotta's IPO offering documents were misleading and failed to disclose significant risks associated with its contracts, particularly with The Kroger Co. [3][4] - Ibotta's IPO involved the sale of 2.5 million shares at $88.00 each, but the stock has since traded significantly lower than this price [2][4] Company Overview - Ibotta is described as a technology company that facilitates digital promotions for consumer packaged goods brands through its Ibotta Performance Network [2] - The company has been accused of not adequately warning investors about the at-will nature of its contract with Kroger, which could lead to sudden cancellations [3] Legal Context - The class action lawsuit is filed under the Private Securities Litigation Reform Act of 1995, allowing investors who purchased Ibotta securities during the IPO to seek lead plaintiff status [5] - Robbins Geller Rudman & Dowd LLP, the law firm handling the case, is noted for its significant track record in securities fraud litigation, having recovered over $2.5 billion for investors in 2024 alone [6]

Core Viewpoint - Ibotta, Inc. is facing a class action lawsuit related to its IPO, alleging that the company and its executives misled investors regarding the risks associated with its contracts, particularly with The Kroger Co. [1][3] Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Fortune v. Ibotta, Inc., and it allows purchasers of Ibotta's securities from its IPO on April 18, 2024, to seek appointment as lead plaintiff by June 16, 2025 [1][5]. - The lawsuit claims that Ibotta's IPO offering documents were materially false and misleading, failing to disclose critical information about its contract with Kroger, which was at-will and could be canceled without notice [3][4]. Group 2: Financial Impact - Ibotta sold 2.5 million shares at $88.00 per share during its IPO, but as of April 17, 2025, the securities have traded significantly lower than the IPO price [2][4]. - The complaint indicates that the lack of proper warnings regarding the at-will nature of the Kroger contract has contributed to the decline in Ibotta's stock price [3][4]. Group 3: Legal Representation - Robbins Geller Rudman & Dowd LLP is representing investors in this class action lawsuit, highlighting their expertise in securities fraud and shareholder litigation [6]. - The firm has a strong track record, having recovered over $2.5 billion for investors in 2024 alone, indicating their capability in handling significant securities-related cases [6].

Core Viewpoint - Ibotta, Inc. is facing a class action lawsuit related to its initial public offering (IPO), with allegations of misleading information in its offering documents and failure to disclose significant risks associated with its contracts [1][3]. Group 1: Class Action Lawsuit Details - The class action lawsuit, titled Fortune v. Ibotta, Inc., claims that Ibotta and its executives, along with IPO underwriters, violated the Securities Act of 1933 [1][3]. - Investors who purchased Ibotta securities during the IPO, which occurred around April 18, 2024, have until June 16, 2025, to apply for lead plaintiff status in the lawsuit [1][5]. - The lawsuit alleges that Ibotta's IPO documents were materially false and misleading, particularly regarding the risks of its contract with The Kroger Co. and the nature of its contract with Walmart Inc. [3][4]. Group 2: Financial Impact - Ibotta sold 2.5 million shares at a price of $88.00 per share during its IPO [2]. - As of April 17, 2025, Ibotta's securities have traded significantly lower than the IPO price, indicating substantial losses for investors [4]. Group 3: Legal Representation - Robbins Geller Rudman & Dowd LLP is representing investors in the class action lawsuit and is recognized as a leading law firm in securities fraud litigation [6]. - The firm has a strong track record, having recovered over $2.5 billion for investors in 2024 alone, and has been ranked 1 in securities class action services for four out of the last five years [6].

Core Viewpoint - Ibotta, Inc. is facing a class action lawsuit related to its initial public offering (IPO), with allegations of misleading information regarding its contracts and risks associated with its business operations [1][3]. Group 1: Class Action Lawsuit Details - The class action lawsuit, titled Fortune v. Ibotta, Inc., is pending in the District of Colorado and allows purchasers of Ibotta's securities from the IPO to seek lead plaintiff status until June 16, 2025 [1][5]. - Ibotta's IPO involved the sale of 2.5 million shares at a price of $88.00 per share [2][3]. - The lawsuit claims that Ibotta's offering documents were materially false and misleading, particularly regarding its contract with The Kroger Co., which was at-will and could be canceled without warning [3][4]. Group 2: Financial Impact - As of April 17, 2025, Ibotta's securities have traded significantly lower than the IPO price of $88.00 per share, indicating a substantial decline in value since the IPO [4]. Group 3: Legal Representation - Robbins Geller Rudman & Dowd LLP is representing investors in this class action lawsuit and is recognized as a leading law firm in securities fraud and shareholder litigation [6].

Core Viewpoint - Ibotta, Inc. is facing a class action lawsuit related to its initial public offering (IPO), with allegations of misleading information in its offering documents and failure to disclose significant risks associated with its contracts [1][3]. Group 1: Class Action Lawsuit Details - The class action lawsuit, titled Fortune v. Ibotta, Inc., allows purchasers of Ibotta's securities from the IPO to seek lead plaintiff status until June 16, 2025 [1][5]. - The lawsuit claims that Ibotta and its executives, along with the IPO underwriters, violated the Securities Act of 1933 [1][3]. - Ibotta sold 2.5 million shares at $88.00 per share during its IPO [2]. Group 2: Allegations Against Ibotta - The lawsuit alleges that Ibotta did not adequately warn investors about the risks related to its contract with The Kroger Co., which was at-will and could be canceled without notice [3]. - Despite detailing the terms of its contract with Walmart Inc., Ibotta failed to disclose the at-will nature of the Kroger contract, which is a significant risk for investors [3]. Group 3: Current Securities Performance - As of April 17, 2025, Ibotta's securities have traded significantly lower than the IPO price of $88.00 per share, indicating a decline in investor confidence [4].

Core Viewpoint - Ibotta, Inc. is facing a class action lawsuit related to its initial public offering (IPO), with allegations of misleading information in its offering documents and failure to disclose significant risks associated with its contracts [1][3]. Group 1: Class Action Lawsuit Details - The class action lawsuit, titled Fortune v. Ibotta, Inc., allows purchasers of Ibotta's securities from its IPO on April 18, 2024, to seek lead plaintiff status by June 16, 2025 [1][5]. - The lawsuit claims that Ibotta and its executives, along with IPO underwriters, violated the Securities Act of 1933 [1][3]. - Ibotta sold 2.5 million shares at $88.00 per share during its IPO, but as of April 17, 2025, the securities have traded significantly lower than this price [2][4]. Group 2: Allegations Against Ibotta - The lawsuit alleges that Ibotta did not adequately warn investors about the risks related to its contract with The Kroger Co., specifically that the contract was at-will and could be canceled without notice [3]. - Despite detailing the terms of its contract with Walmart Inc., Ibotta failed to disclose the at-will nature of the Kroger contract, which is a critical risk factor for investors [3]. Group 3: Legal Representation - Robbins Geller Rudman & Dowd LLP is representing investors in this class action lawsuit and is recognized as a leading law firm in securities fraud and shareholder litigation [6]. - The firm has a strong track record, having recovered over $2.5 billion for investors in 2024 alone, and has been ranked 1 in securing monetary relief for investors [6].