NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Wanda Sports Group Company Limited (NASDAQ: WSG) resulting from allegations that Wanda Sports Group may have issued materially misleading business information to the investing public.
On July 26, 2019, Wanda Sports Group conducted its IPO, selling approximately 24 million American Depositary Shares ("ADSs") for $8.00 per ADS, raising more than $190 million. Since the IPO the Company’s Chief Executive Officer resigned and the Company reported poor financial results for the second quarter of 2019.
The Company’s ADSs have consistently traded down, closing at $3.98 per ADS on October 8, 2019.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Wanda Sports Group investors. If you purchased shares of Wanda Sports Group please visit the firm’s website at http://www.rosenlegal.com/cases-register-1695.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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