Investigation Overview
An investigation on behalf of investors of Wanda Sports Group Company Limited (NASDAQ: WSG) shares over potential securities laws violations by Wanda Sports Group Company Limited 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 Wanda Sports Group Company Limited (NASDAQ: WSG) concerning whether a series of statements by NASDAQ: WSG regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based Wanda Sports Group Company Limited operates as a sports events, media, and marketing platform worldwide. Wanda Sports Group Company Limited (NASDAQ: WSG) went public in July 2019 and sold 23.8 million ADS at $8 per share. Wanda Sports Group Company Limited (NASDAQ: WSG) raised $190.4 million in its initial public offering.
However, since the IPO, shares of Wanda Sports Group Company Limited (NASDAQ: WSG) declined to as low as $3.85 per share on October 2, 2019.