Investor Alert: Kaplan Fox Announces Investigation Of FTS International, Inc.
FTS International, Inc. Class A (FTSI)
Last fts international, inc. class a earnings: 4/29 06:15 pm
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US:NYSE Investor Relations:
ftsi.com/investor-relations/default.aspx
Company Research
Source: PR Newswire
NEW YORK, March 4, 2019 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of FTS International, Inc. ("FTS" or the "Company") (NYSE: FTSI), purportedly one of the largest providers of hydraulic fracturing services in North America. A complaint has been filed against the Company, certain officers and directors, and the underwriters of the Company's February 2018 initial public offering ("IPO") alleging that the Registration Statement and other offering documents for the IPO were materially false and misleading.Pursuant to the IPO, FTS sold 22.4 million shares of common stock at $18 per share for gross proceeds of over $403 million.According to the complaint, "the Company had temporarily inflated its total revenues leading up to the IPO by increasing revenues for services rendered to Chesapeake and other related parties by more than 3,650% as compared to 2016 and creating the false impression that this revenue increase was th
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