INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Jianpu Technology Inc. Investors (JT)
BENSALEM, Pa.--(BUSINESS WIRE)--Oct 3, 2018--Law Offices of Howard G. Smith announces an investigation on behalf of Jianpu Technology Inc. (“Jianpu” or the “Company”) (NYSE: JT ) investors concerning the Company and its officers’ possible violations of federal securities laws.
Jianpu operates a mobile platform that recommends loans underwritten by Chinese subprime lenders, including Qudian Inc. (“Qudian”), and PPDAI Group Inc. (“PPDAI”).
On November 16, 2017, Jianpu conducted its initial public offering of American depositary shares at a price of $8.00 per share.
On November 21, 2017, however, Chinese regulators banned the issuance of new online peer-to-peer licenses, citing improper and illegal practices by lenders such as Qudian and PPDAI. On this news, Jianpu’s share price fell more than 30%, to close at just $4.90 per share on Nov. 24, 2017, thereby injuring investors.
If you purchased Jianpu 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 email@example.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181003005847/en/
CONTACT: Law Offices of Howard G. Smith
Howard G. Smith, Esquire
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Law Offices of Howard G. Smith
Copyright Business Wire 2018.
PUB: 10/03/2018 03:41 PM/DISC: 10/03/2018 03:42 PM