An investigation was announced for investors in NYSE: DESP shares over potential securities laws violations by Despegar.com, Corp.
San Diego, CA -- (SBWIRE) -- 02/19/2019 -- Despegar.com, Corp. is under investigation over potential violations of securities laws in connection with certain financial statements.
Investors who purchased shares of Despegar.com, Corp. (NYSE: DESP), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain statements by Despegar.com, Corp. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Despegar.com, Corp. went public in September 2017. Despegar.com, Corp. sold 12,770,000 ordinary shares of the company at a public offering price of $26.00 per share at its initial public offering. Despegar.com, Corp. reported that its annual Total Revenue rose from $411.16 million in 2016 to $523.94 million in 2017 and that its Net Income increased from $17.79 million in 2016 to $42.36 million.
Shares of Despegar.com, Corp. (NYSE: DESP) declined in December 2018 to as low as $11.11 per share.
On February 15, 2019, NYSE: DESP shares closed at $17.50 per share.
Those who purchased shares of Despegar.com, Corp. (NYSE: DESP) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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