Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In D-Market to Contact Him Directly To Discuss Their Options
New York, New York--(Newsfile Corp. - October 15, 2021) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against D-Market ("D-Market Electronic Services" or the "Company") (NASDAQ: HEPS).
If you suffered losses exceeding $50,000 investing in D-Market stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: http://www.faruqilaw.com/HEPS.
There is no cost or obligation to you.
Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Delaware, Pennsylvania, California and Georgia.
On or about July 1, 2021, D-Market completed its initial public offering ("IPO"), selling approximately 57 million American Depositary Shares ("ADSs" or "shares") for $12.00 per share. On August 26, 2021, D-Market announced its second quarter 2021 financial results, reporting that revenue grew 5.2%. The Company also reported "lower gross contribution driven primarily by investments to fortify our position in electronics, investments to penetrate in high frequency categories as well as higher customer demand for low margin products."
On this news, the Company's share price fell $3.04, or 25.3%, to close at $8.97 per share on August 26, 2021, significantly below the IPO price.
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