Glancy Prongay & Murray LLP (“GPM”) is investigating potential claims on behalf of investors of Inovalon Holdings, Inc. (“Inovalon” or the “Company”) (Nasdaq: INOV) who purchased shares pursuant and/or traceable to the Company’s February 12, 2015 Initial Public Offering (the “IPO”). Investors are encourage to contact GPM to discuss their legal rights.
On or about, February 11, 2015, the Company completed its offering of over 25 million shares at an offering price of $27 per share. The investigation focuses on Inovalon’s post-IPO results, and whether the Company misled investors concerning any negative impact from a higher effective tax rate and the attendant damage to the Company’s financial performance. The price of Inovalon stock has declined significantly since its IPO, closing on February 3, 2015 at just $16.96 per share.
If you purchased Inovalon securities pursuant and/or traceable to the IPO, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20160204005535/en/
Contacts:
Lesley Portnoy,
310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com