Investor Alert: Kaplan Fox Continues Investigation Of Netshoes (Cayman) Limited

NEW YORK, Aug. 24, 2018 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) has been investigating claims on behalf of investors of Netshoes (Cayman) Limited ("Netshoes" or the "Company") (NYSE: NETS). 

On April 12, 2017, the Company went public through an initial public offering ("IPO") of 8,250,000 common shares at $18 per share, for gross proceeds of over $148 million. Goldman, Sachs & Co., J.P. Morgan Securities LLC, Banco Bradesco BBI S.A., Allen & Company LLC, and Jefferies LLC served as the Company's underwriters for the IPO.

On May 15, 2018, the Company's shares declined approximately 44% after the Company reported a wider-than-expected loss for a third-straight quarter and missed on revenue for a fourth-straight quarter. One analyst reportedly commented that, "[S]ince its IPO, [Netshoes] has disappointed on multiple fronts, leading to declining top line growth and risks a path to profitability . . . That is leading to a continuous cash burn, which should further stretch its balance sheet."

Over the past 12 months, the Company's stock has declined over 80%, closing on August 23, 2018 at $2.15 per share.  If you are an investor in Netshoes and would like to discuss our investigation, please contact us by emailing [email protected] or by calling 800-290-1952. 

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this notice, the action, your rights, or your interests, please contact:

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail: [email protected]

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, California  94104
(415) 772-4700
Fax:  (415) 772-4707
E-mail: [email protected]

SOURCE Kaplan Fox & Kilsheimer LLP

Related Links

http://www.kaplanfox.com

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