SAN DIEGO & SAN FRANCISCO--(BUSINESS WIRE)--Shareholder rights law firm Robbins Arroyo LLP informs shareholders that it is investigating The RealReal, Inc. (NASDAQ: REAL) for potential violations of federal securities laws pursuant to its June 2019 initial public offering ("IPO"). The RealReal completed its IPO on June 28, 2019, offering shares at $20.00 and raising $300 million in proceeds. On August 14, 2019, shares of The RealReal plunged 14.8% after announcing its second quarter 2019 results, including an EBITDA loss of $20.9 million and free cash flow loss of $32.1 million. The stock currently trades at $13.61, a 32% decline from The RealReal's IPO share price.
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