INVESTOR ALERT: Kirby McInerney LLP Continues Investigation of Shareholder Claims Against The RealReal, Inc.
September 18 2019 - 8:00PM
Business Wire
The law firm of Kirby McInerney LLP is investigating potential
claims against The RealReal, Inc. (“The RealReal” or the “Company”)
(NASDAQ:REAL). This investigation concerns whether The RealReal has
violated federal securities laws and/or engaged in other unlawful
business practices.
On June 28, 2019, The RealReal completed its IPO, offering
shares at $20.00 and subsequently raising $300 million in proceeds.
On August 14, 2019, shares of The RealReal plunged 14.8% after the
company announced its second quarter 2019 results. The results
included an EBITDA loss of $20.9 million and a free cash flow loss
of $32.1 million. On September 5, 2019, shares of The RealReal
closed at $15.00, a decline of 25% from the IPO price.
If you acquired The RealReal securities, have information, or
would like to learn more about these claims, please contact Thomas
W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at
investigations@kmllp.com, or by filling out this contact form, to
discuss your rights or interests with respect to these matters
without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm
concentrating in securities, antitrust, and whistleblower
litigation. The firm’s efforts on behalf of shareholders in
securities litigation have resulted in recoveries totaling billions
of dollars. Additional information about the firm can be found at
Kirby McInerney LLP’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20190918006011/en/
Kirby McInerney LLP Thomas W. Elrod, Esq., (212) 371-6600
investigations@kmllp.com www.kmllp.com
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