RADNOR, PA / ACCESSWIRE / September 27, 2018 / Kaskela Law LLC is investigating claims on behalf of investors of Netshoes (Cayman) Limited ("Netshoes" or the "Company") (NETS). The investigation concerns whether Netshoes and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices, and whether Netshoes investors have been harmed as a result.
Netshoes investors are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 - 1740, or via email at email@example.com, to discuss this investigation and their legal rights and recovery options. Additional information about this investigation may also be found online at http://kaskelalaw.com/case/netshoes/.
On or about April 12, 2017, Netshoes completed its initial public offering ("IPO") of common shares, selling 8.25 million shares to investors at $18.00 per share. During the year following the IPO, the Company's shares declined over 69% in value.
On May 14, 2018, the Company issued a press release reporting disappointing quarterly financial and operational results. Therein the Company reported that "in 2018 we will pursue a more moderate growth strategy in our B2C online operation as we prioritize short-term profitability and are still seeing a challenging consumption environment in Brazil which has not yet caught up with a slowly improving macroeconomic climate."
Following this news, the Company'sshares declined nearly 44% in value, to close on May 15, 2018 at $2.87.
Netshoes investors are encouraged to contact Kaskela Law LLC to discuss this investigation and their legal rights and recovery options. Kaskela Law LLC exclusively represents investors in state and federal actions throughout the country. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
SOURCE: Kaskela Law LLC