ROSEN, GLOBALLY RECOGNIZED INVESTOR COUNSEL, Announces Investigation of Securities Claims Against 9F Inc. - JFU

Rhea-AI Summary

Rosen Law Firm has initiated an investigation into 9F Inc. (NASDAQ: JFU) for potential securities claims due to allegations of misleading business information disseminated to investors. Following its IPO on August 15, 2019, where it raised approximately $85 million selling 8.9 million American Depositary Shares (ADSs) at $9.50 each, the value of JFU’s ADSs has significantly plummeted to $1.26 by December 15, 2020. The firm is preparing a securities lawsuit for shareholders affected by this decline.

Positive

• Rosen Law Firm's investigation could lead to shareholder compensation if claims are substantiated.

Negative

• Allegations of misleading business information may harm investor trust and company reputation.
• Significant decline in ADS price from $9.50 at IPO to $1.26 suggests severe market disapproval.

NEW YORK, Dec. 29, 2020 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of 9F Inc. (NASDAQ: JFU) resulting from allegations that 9F may have issued materially misleading business information to the investing public.

On or around August 15, 2019, 9F sold approximately 8.9 million American Depositary Shares ("ADSs") in its initial public offering (the "IPO"), at $9.50 per ADS raising nearly $85 million in new capital. However, since the IPO, the price of 9F ADSs has plunged and closed at $1.26 per ADS on December 15, 2020.

Rosen Law Firm is preparing a securities lawsuit on behalf of 9F shareholders. If you purchased securities of 9F please visit the firm's website at http://www.rosenlegal.com/cases-register-2007.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 pkim@rosenlegal.com or cases@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

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 achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm's attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40^th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      lrosen@rosenlegal.com
      pkim@rosenlegal.com
      cases@rosenlegal.com
      www.rosenlegal.com

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SOURCE Rosen Law Firm, P.A.

FAQ

What is the investigation by Rosen Law Firm regarding 9F Inc. (JFU)?

Rosen Law Firm is investigating potential securities claims against 9F Inc. for allegedly issuing misleading business information.

What was the IPO price of 9F Inc. (JFU) shares?

9F Inc. sold shares at $9.50 each during its IPO.

What is the current price of 9F Inc. (JFU) shares?

As of December 15, 2020, 9F Inc. shares closed at $1.26.

What could be the implications of the securities investigation for 9F Inc. (JFU) shareholders?

The investigation may lead to a lawsuit that could result in compensation for affected shareholders.

How much capital did 9F Inc. (JFU) raise during its IPO?

9F Inc. raised nearly $85 million through its initial public offering.