Ruhnn Holding Limited
Company Name | Ruhnn Holding Limited |
Stock Symbol | RUHN |
Lead Plaintiff Motion Deadline | December 06, 2019 |
On or about April 3, 2019, Ruhnn completed its IPO in which it sold over 10 million ADSs for $12.50 per share.
On June 14, 2019, the Company reported its fourth quarter and fiscal year 2019 financial results, reporting that it only had 56 stores in operation, indicating that nearly 40% of the stores reported in the Registration Statement had been closed. The Company also disclosed that product sales had fallen sequentially 46%.
Since the IPO, Ruhnn’s shares have traded as low as $7.07 per share, or 43% below the IPO price.
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