RADNOR, PA / ACCESSWIRE / December 8, 2018 / Kaskela Law LLC announces that a class action lawsuit has been filed against Jianpu Technology Inc. (JT) ("Jianpu" or the "Company") on behalf of investors who purchased the Company's American Depository Shares ("Shares") pursuant and/or traceable to Jianpu's initial public offering ("IPO") of Shares on or about November 16, 2017.
Additional information about this action may be found at http://kaskelalaw.com/case/jianpu-technology-inc/.
Investors who purchased Jianpu's Shares and suffered an investment loss in excess of $50,000 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740, or firstname.lastname@example.org, to discuss this action and their important legal rights and options.
On or about November 16, 2017, Jianpu completed its IPO by selling 22.5 million Shares to investors at $8.00 per share. The investor complaint alleges that the Company's IPO offering materials contained inaccurate statements of material fact and/or omitted material information required to be disclosed in order to make such statements not misleading. The complaint further alleges that on November 21, 2017, just days after the IPO, several news sources reported that China's Financial Stability and Development Committee ("FSDC") had issued an urgent notice to provincial governments urging them to suspend regulatory approval of new internet micro-loan companies. Thereafter, the price of Jianpu's Shares fell more than 38% during the three-day period ended November 24, 2017, to close at $4.90 per Share.
IMPORTANT DEADLINE: Investors who purchased Jianpu's Shares pursuant and/or traceable to the Company's IPO may, no later than December 24, 2018, seek to be appointed as a lead plaintiff representative of the class.
Investors who purchased the Company's Shares and suffered an investment loss in excess of $50,000 are encouraged to contact Kaskela Law LLC to discuss this action and their important legal rights and options. Kaskela Law LLC exclusively represents investors in state and federal courts throughout the country. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
SOURCE: Kaskela Law LLC