An investigation on behalf of investors of So-Young International Inc. (NASDAQ: SY) shares over potential securities laws violations by So-Young International 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 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.