So-Young International Inc. (NASDAQ: SY) is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of So-Young International Inc. (NASDAQ: SY), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of So-Young International Inc. (NASDAQ: SY) concerning whether a series of statements by So-Young International Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based So-Young International Inc. operates an online platform for discovering, evaluating, and reserving medical aesthetic services. So-Young International Inc. reported that its annual Total Revenue rose from 259.3 million CNY in 2017 to 617.22 million CNY in 2018 and that its Net Income increased from 17.2 million CNY in 2017 to 55.08 million CNY in 2018.
On or about May 2, 2019, So-Young International Inc sold 13 million shares of stock in its initial public stock offering (the "IPO"), at $13.80 a share, raising $179,400,000 in new capital. However, since the IPO, So-Young International Inc stock has declined to as low as $8.53 per share on October 2, 2019.
Those who purchased shares of So-Young International Inc. (NASDAQ: SY) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
