SAN DIEGO & SAN FRANCISCO–(BUSINESS WIRE)–$REAL #ClassAction–Shareholder rights law firm Robbins Arroyo LLP informs shareholders that it is investigating The RealReal, Inc. (NASDAQ: REAL) for potential violations of federal securities laws pursuant to its June 2019 initial public offering (“IPO”). The RealReal completed its IPO on June 28, 2019, offering shares at $20.00 and raising $300 million in proceeds. On August 14, 2019, shares of The RealReal plunged 14.8% after announcing its second quarter 2019 results, including an EBITDA loss of $20.9 million and free cash flow loss of $32.1 million. The stock currently trades at $13.61, a 32% decline from The RealReal’s IPO share price.
If you suffered a loss as a result of The RealReal’s misconduct, click here.
The RealReal, Inc. (REAL) Shareholders Have Legal Options
Contact us to learn more:
Leo Kandinov
(800) 350-6003
[email protected]
Shareholder Information Form
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click here to receive free alerts from Stock Watch when companies engage in wrongdoing.
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Contacts
Leo Kandinov
Robbins Arroyo LLP
5040 Shoreham Place
San Diego, CA 92122
[email protected]
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com
