SAN DIEGO, March 17, 2025 /PRNewswire/ — Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Ibotta, Inc. (NYSE: IBTA) focused on whether Ibotta and certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors.
If you have information that could assist in the Ibotta investigation or if you are an Ibotta investor who suffered a loss and would like to learn more, you can provide your information here:
https://www.rgrdlaw.com/cases-ibotta-inc-investigation-ibta.html
You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].
THE COMPANY: Ibotta provides digital promotion services to clients through a network of publishers called the Ibotta Performance Network. In April 2024, Ibotta completed its initial public offering, selling over 7.5 million shares at $88.00 per share for over $660 million in gross offering proceeds.
THE REVELATION: On February 26, 2025, Ibotta reported its first full-year financial results as a public company, revealing, among other things, that first quarter 2025 sales were expected to be flat while its margin was expected to shrink by approximately 50%. Following this news, Ibotta’s stock price fell by 46%.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig.
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Contact:
Robbins Geller Rudman & Dowd LLP
J.C. Sanchez, Jennifer N. Caringal
655 W. Broadway, Suite 1900, San Diego, CA 92101
800-449-4900
[email protected]
SOURCE Robbins Geller Rudman & Dowd LLP
