Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of PPDAI Group Inc. Investors (PPDF)
PPDAI GROUP INC (PPDF)
Last ppdai group inc earnings: 5/15 05:30 am
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP (“GPM”), a global investors rights law firm, announces that a class action lawsuit has been filed on behalf of investors that purchased or otherwise acquired PPDAI Group Inc. (“PPDAI” or the “Company”) (NYSE: PPDF) securities pursuant and/or traceable to PPDAI’s November 2017 Initial Public Offering (“IPO”). PPDAI investors have until January 25, 2019 to file a lead plaintiff motion. If you are a shareholder who suffered a loss, click here to participate. The Company conducted its initial public offering of 17 million American depositary shares in November 2017 at $13 per share. Shortly after the IPO, however, Chinese regulators banned the issuance of new online peer-to-peer licenses, citing illegal practices by companies such as PPDAI. On this news, PPDAI’s share price fell $2.62, or more than 24%, to close at $8.18 per
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