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PPDAI Group Inc. (NYSE: PPDF) Investor Investigation Over Potential Securities Laws Violations Announced

  • Investors who purchased shares of PPDAI Group Inc. (NYSE: PPDF), have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
PPDAI Group Inc.
Security
NYSE: PPDF

Summary

An investigation on behalf of investors of PPDAI Group Inc. (NYSE: PPDF) shares over potential securities laws violations by PPDAI Group Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of PPDAI Group Inc. (NYSE: PPDF) concerning whether a series of statements by PPDAI Group Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

China based PPDAI Group Inc., an investment holding company, operates an online consumer finance marketplace through its platform in the People's Republic of China. The company went public in November 2017. PPDAI Group Inc. reported that its annual Total Revenue rose from over 1.26 billion CNY in 2016 to over 3.94 billion CNY in 2017 and that its Net Income rose from 501.49 million CNY in 2016 to over 1.08 billion CNY in 2018.

Since the companys initial public offering (IPO) shares of PPDAI Group Inc. (NYSE: PPDF) declined to as low as $3.82 per share on July 19, 2018.

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