NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Ibotta, Inc. (“Ibotta” or the “Company”) (NYSE: IBTA). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
The class action concerns whether Ibotta and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
You have until June 16, 2025 to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Ibotta securities pursuant and/or traceable to Ibotta’s initial public offering (“IPO”). A copy of the Complaint can be obtained at www.pomerantzlaw.com.
[Click here for information about joining the class action]
On or around April 18, 2024, Ibotta conducted its IPO of 6,560,700 shares of stock priced at $88.00 per share. In the Registration Statement for the IPO, Ibotta listed The Kroger Co. (“Kroger”) as one of the major retailers to which the Company “provide[s] offers on a white-label basis”. Then, on August 13, 2024, Ibotta filed its quarterly report for the second quarter of 2024, which contained no reference to a business relationship with Kroger. Since the IPO, Ibotta’s stock price has fallen sharply, damaging investors.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
