#United States #New York #Securities Fraud #Pomerantz LLP #Ibotta Inc

Investor Alert: Class Action Against Ibotta, Inc.

On June 12, 2025, notable law firm Pomerantz LLP announced the filing of a class action lawsuit targeting Ibotta, Inc., listed on the NYSE under the symbol IBTA. The lawsuit emerges amid claims that the company and its executives may have participated in securities fraud and potentially misleading business practices. Consequently, individuals who have incurred losses in their investments in Ibotta are encouraged to contact the firm to discuss their options and possibly join the suit.

Background on Ibotta's IPO

Ibotta recently conducted its initial public offering (IPO) on April 18, 2024, bringing approximately 6,560,700 shares to the market, priced at $88 each. This IPO was touted as a significant moment for the Company, particularly highlighting its relationship with major retailer Kroger, as indicated in the Registration Statement that accompanied the IPO. However, following the IPO, investors are now raising concerns due to alarming discrepancies.

Discrepancies and Stock Price Decline

Tension arose when Ibotta's quarterly report for Q2 of 2024, submitted on August 13, 2024, did not mention any established business relationship with Kroger, which was initially touted as a crucial partnership. This sudden omission is raising eyebrows among investors, leading to speculation about the potential implications. Following this report, the stock's value has plunged significantly, causing notable financial distress for those who invested based on the information provided at the time of the IPO.

How to Participate in the Class Action

Investors who purchased or acquired Ibotta securities as part of the IPO have until June 16, 2025, to request the Court to appoint them as Lead Plaintiff in the class action suit. Interested individuals should connect directly with Pomerantz LLP via phone or email, ensuring they provide their contact details alongside the number of Ibotta shares acquired. This is particularly vital as seeking class action participation may serve as a means to hold the Company accountable for any deceptive practices.

About Pomerantz LLP

Pomerantz LLP is recognized as a leading firm in securities, corporate, and antitrust class litigation. Founded over 85 years ago by the influential Abraham L. Pomerantz, the firm has built a reputation for diligently advocating for victims of corporate misconduct and securities fraud. Their commitment is reflected in the numerous multimillion-dollar awards recovered for class members over the years. The firm maintains offices in key cities across New York, Chicago, and Los Angeles, along with international presences in London, Paris, and Tel Aviv.

Conclusion

Investing carries its risks, and the recent class action lawsuit against Ibotta highlights the critical importance of due diligence and transparency in communications from publicly trading companies. Investors who feel affected by this situation should act swiftly to ensure their voices are heard in the growing narrative surrounding Ibotta, Inc.

For more information about Pomerantz LLP and to obtain a copy of the Complaint, visit their official site at www.pomerantzlaw.com or reach out directly to Danielle Peyton at the firm for assistance. Remember, taking action promptly can help safeguard your investment.