D-MARKET Electronic Services & Trading (HEPS)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of D-MARKET Electronic Services & Trading (“D-MARKET” or the “Company”) (NASDAQ: HEPS). The investigation concerns whether D-MARKET and certain of its officers and/or directors have violated federal securities laws.
On or about July 1, 2021, Hepsiburada 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, Hepsiburada 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 $3.05, or 25%, to close at $8.97 per share on August 26, 2021, significantly below the IPO price.
If you are aware of any facts relating to this investigation, or purchased D-MARKET shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.