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Wanda Sports Group Company

Company NameWanda Sports Group Company
Stock SymbolWSG
Lead Plaintiff Motion DeadlineJanuary 17, 2020

In July 2019, Wanda Sports held its IPO, issuing approximately 23.8 million American Depository Shares (“ADSs”) at $8.00 per share.

On September 9, 2019, the Company reported its second quarter 2019 financial results, reporting a 30% decrease in revenue over the prior year period “primarily attributable to decreased revenue from the Digital Production, Sports Solutions (DPSS) segment.”

Since the IPO, Wanda Sports’ shares have dropped $5.25, or over 65%, closing at $2.75 on November 22, 2019, thereby injuring investors.

 

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