An investigation for investors in Despegar.com, Corp. (NYSE: DESP) shares over potential securities laws violations by Despegar.com, Corp. was announced.
San Diego, CA -- (SBWIRE) -- 10/30/2018 -- An investigation on behalf of investors of Despegar.com, Corp. (NYSE: DESP) shares over potential securities laws violations by Despegar.com, Corp. was announced.
Investors who purchased shares of Despegar.com, Corp. (NYSE: DESP), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Despegar.com, Corp. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Argentina based Despegar.com, Corp., an online travel company, provides a range of travel and travel-related products through its Websites and mobile applications in Latin America. 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 September 2018 to as low as $14.80 per share.
On October 29, 2018, NYSE: DESP shares closed at $14.99 per share.
Those who purchased shares of Despegar.com, Corp. (NYSE: DESP) have certain options and should contact the Shareholders Foundation.
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