SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Yalla Group Limited – YALA
NEW YORK, Nov. 22, 2020 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Yalla Group Limited (“Yalla or the “Company”) (NYSE: YALA). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 7980.
The investigation concerns whether Yalla and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On or around September 30, 2020, Yalla conducted its initial public offering (“IPO”), issuing 18.6 million American depositary shares (“ADSs”) priced at $7.50 per ADS. Then, on November 9, 2020, post-market, Yalla issued a press release announcing its …