NEW YORK - March 7, 2025 (NEWMEDIAWIRE) - Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against Ibotta, Inc. (“Ibotta” or the “Company”) (NYSE: IBTA).
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If you are an Ibotta investor and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.
On or about April 18, 2024, Ibotta conducted its initial public offering of over 7.5 million shares at a price of $88 per share.
Then, on August 14, 2024 after the market closed, the Company issued a press release reporting second quarter financial results for the period ending June 30, 2024. The second quarter results included a net loss of $34 million attributable to operating expenses that more than doubled year-over-year. Additionally, Ibotta reported a 19% decline in direct-to-consumer redemptions and a 7% decline in direct-to-consumer redeemers on a year-over-year basis.
Following this news, the price of Ibotta stock fell $15.53 per share, over 26%, to close at $42.66 per share on August 14, 2024.
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If you have any questions about this investigation, please contact:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.
https://www.kaplanfox.com/case/ibotta-inc/
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