Radnor, Pennsylvania–(Newsfile Corp. – August 27, 2024) – The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of Ibotta, Inc. (NYSE: IBTA) (“Ibotta”).

On or about April 13, 2024, Ibotta conducted its initial public offering of 6.6 million shares at a price of $88.00 per share. Subsequently, on August 13, 2024, Ibotta issued a press release announcing its financial results for the second quarter of 2024. Among other things, the results reported a net loss of $34.0 million, attributable to operating expenses that more than doubled year-over-year. Ibotta also provided third-quarter revenue guidance in the range of $91 million to $96 million, below consensus estimates. On this news, Ibotta’s stock price fell sharply on August 14, 2024, from a closing price of $58.19 per share on August 13, 2024 to a closing price of $42.66 per share on August 14, 2024.