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 Velocity Financial, Inc. (NYSE: VEL) resulting from allegations that Velocity Financial may have issued materially misleading business information to the investing public.
On January 17, 2020, Velocity Financial commenced its initial public offering (“IPO”), selling 7,250,000 shares of stock priced at $13.00 per share and raising approximately $94 million. Since the IPO, Velocity Financial’s stock price has declined significantly, closing as low as $2.47 per share, representing a decline of over 80% from the offering price and roughly 49% worse than the financial sector's performance.
Rosen Law Firm is preparing a securities lawsuit on behalf of Velocity Financial shareholders. If you purchased securities of Velocity Financial please visit the firm’s website at http://www.rosenlegal.com/cases-register-1867.html to join the securities 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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