SAN DIEGO, June 12, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Ibotta, Inc. (NYSE: IBTA) publicly traded securities pursuant and/or traceable to Ibotta's registration statement and related prospectus issued in connection with Ibotta's initial public offering (the "IPO") held on or around April 18, 2024, have until Monday, June 16, 2025 to seek appointment as lead plaintiff of the Ibotta class action lawsuit.  Captioned Fortune v. Ibotta, Inc., No. 25-cv-0 ...

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 ...

SAN DIEGO, May 19, 2025 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Ibotta, Inc. (NYSE: IBTA) publicly traded securities pursuant and/or traceable to Ibotta’s registration statement and related prospectus issued in connection with Ibotta’s initial public offering (“IPO”) held on or around April 18, 2024, have until Monday, June 16, 2025 to seek appointment as lead plaintiff of the Ibotta class action lawsuit. Captioned Fortune v. Ibotta, Inc., No. 25-cv-012 ...

SAN DIEGO, May 16, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Ibotta, Inc. (NYSE: IBTA) publicly traded securities pursuant and/or traceable to Ibotta's registration statement and related prospectus issued in connection with Ibotta's initial public offering ("IPO") held on or around April 18, 2024, have until Monday, June 16, 2025 to seek appointment as lead plaintiff of the Ibotta class action lawsuit.  Captioned Fortune v. Ibotta, Inc., No. 25-cv-01213 ...

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].

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Ibotta publicly traded securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with the IPO to seek appointment as lead plaintiff in the Ibotta class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the pu ...