We are investigating Farfetch Limited (FTCH) (“Farfetch” or the “Company”) for potential violations of the federal securities laws.
On or around September 20, 2018, Farfetch conducted its initial public offering (“IPO”), selling approximately 50.88 million shares of Class A common stock priced at $20.00 per share. Then, on August 8, 2019, Farfetch reported a larger-than-expected loss of $89.6 million for the second quarter of 2019. Farfetch also announced its acquisition of New Guards Group for $675 million and the resignation of Farfetch’s Chief Operating Officer. On this news, Farfetch’s stock price fell $8.12 per share, or 44.49%, to close at $10.13 per share on August 9, 2019.