NEW YORK , Sept. 17, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Ibotta, Inc. ("Ibotta" or the "Company") (NYSE: IBTA).
Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Ibotta and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] 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 .
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