NEW YORK--(BUSINESS WIRE)--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Ibotta, Inc. (“Ibotta” or “the Company”) (NYSE: IBTA). Investors who purchased Ibotta securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/IBTA.
Investigation Details
On or around April 13, 2024, Ibotta conducted its initial public offering (“IPO”) of 6.6 million shares priced at $88.00 per share. Then, on August 13, 2024, Ibotta issued a press release reporting its financial results for the second quarter of 2024. Among other items, Ibotta reported a net loss of $34.0 million, hurt by operating expenses that more than doubled year-over-year. The Company also provided a third quarter revenue forecast in the range of $91 million to $96 million, below consensus estimates. On this news, Ibotta’s stock price fell sharply during intraday trading on August 14, 2024.
What's Next?
If you are aware of any facts relating to this investigation or purchased Ibotta securities, you can assist this investigation by visiting the firm’s site: bgandg.com/IBTA. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
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Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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