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 ...

Financial Performance - Ibotta's Q1 2025 revenue reached $84.6 million, exceeding the guidance midpoint of $82.0 million by 3%[15] - Adjusted EBITDA for Q1 2025 was $14.7 million, surpassing the guidance midpoint of $12.0 million by 22%[15] - Total revenue grew by 3% year-over-year, increasing from $82.3 million in 1Q24 to $84.6 million in 1Q25[17] - Adjusted EBITDA margin decreased by 10 percentage points, from 28% in 1Q24 to 17% in 1Q25[17] - The company is guiding for Q2 2025 revenue between $86.5 million and $92.5 million, representing a 2% year-over-year growth at the midpoint[52] - Q2 2025 Adjusted EBITDA is projected to be between $17.0 million and $22.0 million, with a 22% margin at the midpoint[52] Revenue Breakdown - Redemption revenue accounted for 87% of the total revenue in 1Q25, with third-party publisher (3PP) contributing 57% and direct-to-consumer (D2C) contributing 30%[21] - Redemption revenue increased by 8%, growing from $68.0 million in 1Q24 to $73.4 million in 1Q25[25] - D2C redemption revenue decreased by 24% year-over-year[45], while 3PP redemption revenue increased by 38%[39] - Ad & other revenue decreased by 22%, from $14.3 million in 1Q24 to $11.2 million in 1Q25[25] Key Drivers of Redemption Revenue - The number of redeemers increased from 12.5 million in 1Q24 to 17.1 million in 1Q25[30] - Redemptions per redeemer decreased from 5.7 in 1Q24 to 4.8 in 1Q25[30] - Redemption revenue per redemption decreased from $0.95 in 1Q24 to $0.89 in 1Q25[30]

SAN DIEGO, May 05, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all persons or entities that purchased or otherwise acquired Ibotta, Inc. (NYSE: IBTA) common stock pursuant and/or traceable to the registration statement and related prospectus issued in connection with Ibotta's April 18, 2024 initial public offering. Ibotta purports to be a technology company that allows consumer packaged goods brands to deliver digital promotions to millions of consume ...

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].