An investigation for investors in UP Fintech Holding Limited (NASDAQ: TIGR) shares over potential securities laws violations by UP Fintech Holding Limited was announced.
San Diego, CA -- (SBWIRE) -- 09/04/2019 -- An investigation was announced concerning potential securities laws violations by UP Fintech Holding Limited in connection with certain financial statements.
Investors who purchased shares of UP Fintech Holding Limited (NASDAQ: TIGR), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of UP Fintech Holding Limited (NASDAQ: TIGR) concerning whether a series of statements by UP Fintech Holding Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based UP Fintech Holding Limited provides online brokerage services focusing on Chinese investors. UP Fintech Holding Limited reported that its annual Total Revenue rose from $16.94 million in 2017 to $33.56 million in 2018 and that its Net Loss increased from $7.51 million in 2017 to $43.2 million in 2018. On or about March 20, 2019, UP Fintech Holding Limited sold 13 million shares of stock in its initial public stock offering (the "IPO"), at $8.00 a share raising $104,000,000 in new capital.
Shares of UP Fintech Holding Limited (NASDAQ: TIGR) declined from $17.80 per share in April 2019 to as low as $3.71 per share on August 5, 2019.
Those who purchased shares of UP Fintech Holding Limited (NASDAQ: TIGR) have certain options and should contact the Shareholders Foundation.
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