BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Inovalon Holdings, Inc. (“Inovalon” or the “Company”) (Nasdaq: INOV) who purchased shares pursuant and/or traceable to the Company’s February 12, 2015 Initial Public Offering (the “IPO”). Law Offices of Howard G. Smith is preparing a lawsuit on behalf of injured investors.
On or about, February 11, 2015, the Company completed its offering of over 25 million shares at an offering price of $27 per share. The investigation focuses on whether the Company misled investors concerning any negative impact from a higher effective tax rate and the attendant damage to the Company’s financial performance after the IPO. The price of Inovalon stock has declined significantly since its IPO, closing on February 9, 2016 at just $17.24 per share.
If you purchased Inovalon securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.