SAN FRANCISCO, July 06, 2022 (GLOBE NEWSWIRE) -- Hagens Berman urges Missfresh Limited (NASDAQ:MF ) investors who purchased American Depositary Shares in Missfresh's June 25, 2021 initial public offering and who have suffered significant losses to submit your losses now .
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Missfresh Limited (NASDAQ:MF ) Investigation:
The investigation focuses on Missfresh's statements in connection with its June 2021 IPO, which enabled the company to issue 21 million American Depositary Shares at $13 per share, raising $273 million.
Specifically, Missfresh's offering materials contained (1) financial statements for the period ended March 31, 2021, during which it claimed to have earned revenues totaling $233.5 million, and (2) assurances the company remediated weaknesses in its internal control over ...
Full story available on Benzinga.com