X Financial (XYF) Alert: Johnson Fistel Launches Investigation into X Financial; Investors Encouraged to Contact Firm
X Financial American Depositary Shares, each representing six Class A Ordinary Shares (XYF)
Last x financial american depositary shares, each representing six class a ordinary shares earnings: 3/18 05:20 pm
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Source: PR Newswire
SAN DIEGO, Aug. 23, 2019 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against X Financial (NYSE: XYF) for violations of federal securities laws. X Financial provides personal finance services in the People's Republic of China.On or about September 19, 2018, X Financial sold 11 million shares of stock in its initial public stock offering (the "IPO"), at $9.50 a share raising $104,500,000 in new capital. However, since the IPO, X Financial stock has plunged, on August 22, 2019, the stock closed at $2.64.Specifically, Johnson Fistel's investigation seeks to determine whether the Company's filings with the U.S. Securities and Exchange Commission in connection with its September 2018 IPO and subsequent investor communications contained untrue statements of material facts or omitted to state other facts necessary to make the statements made therein not misleading concerning the Company's business, and operations.If you have information
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