Investigation for Investors in NASDAQ: HEPS shares announce over potential Wrongdoing

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at D-Market Electronic Services .

Investors who purchased shares of D-Market Electronic Services (NASDAQ: HEPS) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain D-Market Electronic Services officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Turkey based D-Market Electronic Services d/b/a Hepsiburada (HEPS) operates an e-commerce platform. D-Market Electronic Services reported that its annual Total Revenuerose from over $2.6 billion in 2019 to over $6.37 billion in 2020, and that its Net Loss increased from $131.64 million to $474.51 million over those respective time frame.

On or about July 1, 2021, D-Market Electronic Services (NASDAQ: HEPS) 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, D-Market Electronic Services (NASDAQ: HEPS) 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.”

Since the IPO shares of D-Market Electronic Services (NASDAQ: HEPS) declined to as low as $8.56 per share on August 27, 2021.

Those who purchased shares of D-Market Electronic Services (NASDAQ: HEPS) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.