Robbins Arroyo LLP: RYB Education, Inc. (RYB) Misled Shareholders According to Class Action
RYB Education, Inc. American depositary shares, each representing one Class A ordinary share (RYB)
Last ryb education, inc. american depositary shares, each representing one class a ordinary share earnings: 3/30 08:00 pm
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Source: Business Wire
SAN DIEGO & BEIJING--(BUSINESS WIRE)-- Shareholder rights law firm Robbins Arroyo LLP informs shareholders that purchasers of RYB Education, Inc. (NYSE: RYB) filed a class action complaint against the company's officers and directors for alleged violations of the Securities Exchange Act of 1933 pursuant to the company's September 2017 initial public offering ("IPO"). RYB provides early childhood education service in the People's Republic of China. View this information on the law firm's Shareholder Rights Blog: https://www.robbinsarroyo.com/ryb-education-inc/ RYB Accused of Subjecting Children to Unsafe Conditions According to the complaint, on September 27, 2017, RYB offered 5.5 million American Depositary Shares ("ADSs") at a price of $18.50, raising $90.1 million in net proceeds. RYB's registration statement touted the company's "high standards in selecting, certifying and training" it
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