PT INVESTOR ALERT: Kaskela Law LLC Announces Investigation of Pintec Technology Holdings Limited on Behalf of Investors - PT
Pintec Technology Holdings Limited - American Depositary Shares (PT)
Company Research
Source: PR Newswire
PHILADELPHIA, July 18, 2020 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating Pintec Technology Holdings Limited ("Pintec" or the "Company") (NASDAQ: PT) on behalf of investors. The investigation seeks to determine whether Pintec violated the federal securities laws in connection with and following its initial public offering ("IPO") of securities.In October 2018, Pintec completed its IPO, selling over 3.7 million American Depository Shares ("Shares") to investors at $11.88 per share. Less than six months after the IPO, on April 30, 2019, Pintec announced that it was "unable to file its Annual Report on Form 20-F for the period ended December 31, 2018 on a timely basis because the Company was unable, without unreasonable effort or expense, to complete the Form 20-F within the prescribed period." Following this news, the Company's Shares significantly declined in value, and currently trade at less than $1.50 per share.Investors who purchased Pintec's shares prior to
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