Yes, sometimes - it depends on the water content of the wood, your local weather etc
I have tried several times to remove the bow from large pieces of plywood - it has always come back no matter how long I let it acclimate or sit. I have always had to cut out the bow and use the sides.
This is the reason I try not to order too much wood anymore, as I've had to do this on several large 1/4" and 1/2" boards - really pisses me off because plywood is very expensive here. At least to my wallet
my suggestion is to see if you can use parts of the board where the bow is not - usually on the sides you can cut away the bow if you can't get the bow out.
Just my 2 cents worth