Onion Global Limited (OG)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Onion Global Limited ("Onion Global" or "the Company") (NYSE: OG). The investigation concerns whether Onion Global and certain of its officers and/or directors have violated federal securities laws.
On or around May 7, 2021, Onion Global conducted its initial public offering (“IPO”), selling approximately 9.3 million shares of stock priced at $7.25 per share. Then, on June 10, 2021, Onion Global issued a press release announcing the Company’s unaudited financial results for the first quarter of 2021. Among other results, Onion Global reported total revenues of RMB668.9 million, compared to RMB709.4 million in the same period of 2020; gross profit of RMB125.7 million, compared to RMB187.8 million in the same period of 2020; and net income attributable to the Company’s ordinary shareholders of RMB8.9 million, compared to RMB55.3 million in the same period of 2020. Since the IPO, the value of Onion Global’s stock has fallen sharply, closing as low at $3.85 per share on June 21, 2021.
If you are aware of any facts relating to this investigation, or purchased Onion Global shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.