The Law Offices of Frank R. Cruz Announces Investigation on Behalf of The RealReal, Inc. Investors (REAL)
January 13 2020 - 8:40PM
Business Wire
The Law Offices of Frank R. Cruz announces an investigation on
behalf of The RealReal, Inc. (“RealReal” or the “Company”) (NASDAQ:
REAL) investors concerning the Company and its officers’ possible
violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to
participate.
In June 2019, RealReal completed its initial public offering
(“IPO”), selling 17.25 million shares at $20.00.
On August 13, 2019, RealReal disclosed that its average order
value for second quarter 2019 results was just $452.61, or
essentially flat year-over-year, due to promotional activity by
retailers.
On this news, the Company’s share price fell $2.72, or 16%, to
close at $14.28 on August 14, 2019. Since the IPO, RealReal stock
has traded as low as $12.80 per share, a significant decline from
the $20 IPO price.
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If you purchased RealReal securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Frank R. Cruz, of The Law
Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los
Angeles, California 90067 at 310-914-5007, by email to
info@frankcruzlaw.com, or visit our website at
www.frankcruzlaw.com. If you inquire by email please include your
mailing address, telephone number, and number of shares
purchased.
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/20200113005971/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
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