Investors in Ibotta, Inc. May Pursue Lawsuit Over Misleading IPO Registration Statement

Investors in Ibotta, Inc. have an opportunity to lead a securities lawsuit after the firm was accused of making false and/or misleading statements in its IPO registration statement. The lawsuit alleges that Ibotta failed to disclose the risks associated with its contract with Kroger, which was at-will. Investors who purchased Ibotta securities may be entitled to compensation through a contingency fee arrangement. The lead plaintiff deadline is June 16, 2025.

Investors in Ibotta, Inc. (NYSE: IBTA) have been given a unique opportunity to lead a securities lawsuit against the company. The lawsuit alleges that Ibotta made false and/or misleading statements in its initial public offering (IPO) registration statement. The complaint, captioned Fortune v. Ibotta, Inc., No. 25-cv-01213 (D. Colo.), was filed on April 18, 2024.

The lawsuit alleges that Ibotta failed to disclose the risks associated with its contract with The Kroger Co. (Kroger). Specifically, the complaint states that Ibotta's contract with Kroger was at-will, meaning that Kroger could cancel the contract without warning. Despite providing a detailed explanation of the terms of Ibotta's contract with Walmart Inc., there was no warning of the at-will nature of Kroger's contract.

As of the close of trading on April 17, 2025, Ibotta's securities have traded significantly lower than the IPO price of $88.00 per share. Investors who purchased Ibotta securities during the IPO may be entitled to compensation through a contingency fee arrangement.

The lead plaintiff deadline is June 16, 2025. Investors who wish to lead the lawsuit should contact Robbins Geller Rudman & Dowd LLP, Bronstein, Gewirtz & Grossman, LLC, or The Gross Law Firm. These firms represent investors in securities fraud class actions and shareholder derivative suits.

Investors should not delay in registering for this class action. Registering for the class action does not require serving as the lead plaintiff. The deadline to seek to be a lead plaintiff is June 16, 2025. There is no cost or obligation to participate in this case.

References:
[1] https://www.prnewswire.com/news-releases/ibta-investor-alert-ibotta-inc-investors-with-substantial-losses-have-opportunity-to-lead-investor-class-action-lawsuit-302438679.html
[2] https://www.prnewswire.com/news-releases/ibta-investor-alert-bronstein-gewirtz--grossman-llc-announces-that-ibotta-inc-investors-with-substantial-losses-have-opportunity-to-lead-class-action-lawsuit-302432132.html
[3] https://www.morningstar.com/news/pr-newswire/20250428ny73615/the-gross-law-firm-reminds-shareholders-of-a-lead-plaintiff-deadline-of-june-16-2025-in-ibotta-lawsuit-ibta