SAN DIEGO, Jan. 25, 2019 /PRNewswire/ -- Johnson Fistel, LLP, is investigating potential violations of the federal securities laws by FTS International, Inc. (NYSE: FTSI) ("FTS International ") and certain of its officers and directors. FTS International provides hydraulic fracturing services in North America.
On or about February 2, 2018, FTS International sold 19.5 million shares of stock in its initial public stock offering (the "IPO"), at $18 a share raising $351,000,000 in new capital. However, since the IPO, FTS International stock has imploded, on January 24, 2019, the stock closed at $7.76.
Specifically, Johnson Fistel's investigation seeks to determine whether the Company's filings with the U.S. Securities and Exchange Commission in connection with its February 2018 initial public stock offering (the "IPO") contained untrue statements of material facts or omitted to state other facts necessary to make the statements made therein not misleading concerning the Company's business, and operations.
If you have information that could assist in this investigation, or if you are a FTS International shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (email@example.com) at 619-814-4471. If emailing, please include a phone number.
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Johnson Fistel, LLP
Jim Baker, 619-814-4471
SOURCE Johnson Fistel, LLP