An investigation for investors in Sogou Inc. (NYSE: SOGO) shares over potential securities laws violations by Sogou Inc. was announced.
San Diego, CA -- (SBWIRE) -- 10/30/2018 -- An investigation was announced for investors of Sogou Inc. (NYSE: SOGO) shares over potential securities laws violations by Sogou Inc. in connection with certain financial statements.
Investors who purchased shares of Sogou Inc. (NYSE: SOGO), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Sogou Inc. (NYSE: SOGO) concerning whether a series of statements by Sogou Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based Sogou Inc. provides search and search-related services in the People's Republic of China. The company provides Sogou Search, a search engine; and Sogou Input Method, a Chinese language input software for mobile and PC MAUs. Sogou Inc. raised $585 million in its initial public offering in early November 2017 by selling 45 million American depositary shares at $13 per share. Sogou Inc. reported that its annual Total Revenue rose from $660.40 million in 2016 to $908.35 million in 2017 and that its Net Income increased from $56.11 million in 2016 to $82.20 million in 2017.
Shares of Sogou Inc. (NYSE: SOGO) declined from as high as $15.50 per share in June 2018 to as low as $5.50 per share on October 26, 2018.
Those who purchased shares of Sogou Inc. (NYSE: SOGO) have certain options and should contact the Shareholders Foundation.
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