Law Offices of Howard G. Smith 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.
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.
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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190912005957/en/
Contacts:
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
