SAN DIEGO, March 5, 2016 /PRNewswire/ -- Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by Apigee Corporation (NASDAQ: APIC) and certain of its officers. Apigee develops a software platform that enables application programmable interface (API) based digital strategies and business insights for enterprises.
On April 24, 2015, Apigee's stock traded as high as $20.50, the same day the Company sold 5.1 million shares of stock in its initial public stock offering (the "IPO"), raising $87 million in new capital. However, since the IPO, Apigee's stock has imploded, falling from its first day trading high of $20.50 to close at $8.94 on January 25, 2016.
Specifically, Johnson & Weaver's investigation will seek to determine if the IPO Prospectus contained untrue statements of material fact and/or concealed or failed to disclose material information regarding its business and future prospects.
If you are an Apigee shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (firstname.lastname@example.org) at 619-814-4471. If you email, please include your phone number.
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP Jim Baker, 619-814-4471 email@example.com
SOURCE Johnson & Weaver, LLP