Aufrufe: 6
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Ibotta is a technology company that allows consumer packaged goods brands to deliver digital promotions to consumers through a single network called the Ibotta Performance Network. On April 18, 2024, Ibotta issued 6,560,700 shares of Class A common stock at $88 per share in an initial public offering.
On February 26, 2025, after market hours, Ibotta issued a press release containing its financial results for fourth quarter 2024 and full year 2024, respectively. The press release revealed quarterly revenue of $98.4 million, representing a 1% year-over-year decline. The press release also revealed a first quarter 2025 revenue outlook ranging from $80 million to $84 million, reflecting a 0% year-over-year increase at the midpoint. On this news, the price of Ibotta shares declined by $29.08 per share, or approximately 46%, from $63.09 per share on February 26, 2025, to close at $34.01 on February 27, 2025, on heavy trading volume.
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If you have purchased Ibotta Class A common stock, and have suffered a loss, realized or unrealized, and you wish to discuss this investigation, please contact attorney Nicholas Bruno at (888) 398-9312 or at nbruno@scott-scott.com.
About Scott+Scott
Scott+Scott is an international law firm known for its expertise in representing corporate clients, institutional investors, businesses, and individuals harmed by anticompetitive conduct or other forms of wrongdoing, including securities law and shareholder violations. With more than 100 attorneys in eight offices in the United States, as well as three offices in Europe, our advocacy has resulted in significant monetary settlements on behalf of our clients, along with other forms of relief. Our highly experienced attorneys have been recognized for being among the top financial lawyers in 2024 by Lawdragon, WWL: Commercial Litigation 2024, and Legal 500 in Antitrust Civil Litigation, and have received top Chambers 2024 rankings. In addition, we have been repeatedly recognized by the American Antitrust Institute for the successful litigation of high-stakes anticompetitive claims in the United States.
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CONTACT:
Nicholas Bruno
Scott+Scott Attorneys at Law LLP
230 Park Avenue, 24th Floor, New York, NY 10169
(888) 398-9312
nbruno@scott-scott.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247136
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