An investigation for investors in Ruhnn Holding Limited (NASDAQ: RUHN) shares over potential securities laws violations by Ruhnn Holding Limited was announced.
San Diego, CA -- (SBWIRE) -- 09/17/2019 -- An investigation on behalf of investors of Ruhnn Holding Limited (NASDAQ: RUHN) shares over potential securities laws violations by Ruhnn Holding Limited in connection with certain financial statements was announced.
Investors who purchased shares of Ruhnn Holding Limited (NASDAQ: RUHN), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Ruhnn Holding Limited (NASDAQ: RUHN) concerning whether a series of statements by Ruhnn Holding Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On or about April 3, 2019, Ruhnn sold 10 million shares of stock in its initial public stock offering (the "IPO"), at $12.50 a share raising $125,000,000 in new capital. However, since the IPO, Ruhnn stock has plummeted, on August 22, 2019, the stock closed at $4.50.
On June 13, 2019, Ruhnn Holding Limited announced its fourth quarter and fiscal year 2019 financial results. Ruhnn Holding Limited reported that its annual Total Revenue rose from 947.58 million RMB for the 12 months period that ended on March 31, 2018 to over 1.09 RMB billion for the 12 months period that ended on March 31, 2019 and that its Net Loss declined from 104 million to 73.24 million over those respective time periods.
Shares of Ruhnn Holding Limited (NASDAQ: RUHN) declined to as low as $3.06 per share on June 3, 2019.
On September 9, 2019, NASDAQ: RUHN shares closed at $4.45 per share.
Those who purchased shares of Ruhnn Holding Limited (NASDAQ: RUHN) have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in conftact 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, investigation, and/or settlements are not filed/reached and/or 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.
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