SAN DIEGO & LAS VEGAS--(BUSINESS WIRE)--Shareholder rights law firm Robbins Arroyo LLP informs shareholders that it is investigating SciPlay Corporation (NASDAQ: SCPL) for potential violations of federal securities laws pursuant to its May 2019 initial public offering ("IPO"). SciPlay completed its IPO on May 3, 2019, offering 22 million shares at $16.00 per share and raising $330.9 million in net proceeds. Following its IPO, SciPlay has experienced softer-than-expected company growth and poor performance relative to its peers. As a result, SciPlay's stock has since plummeted, currently trading at around $9, an almost 44% decline from its IPO price. SciPlay develops and publishes digital games on mobile and web platforms.
If you suffered a loss as a result of SciPlay's misconduct, click here.
SciPlay Corporation (SCPL) Shareholders Have Legal Options
Robbins Arroyo LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click here to receive free alerts from Stock Watch when companies engage in wrongdoing.
Attorney Advertising. Past results do not guarantee a similar outcome.