NEW YORK, April 20, 2020 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Velocity Financial, Inc. ("Velocity" or "the Company") (NYSE: VEL). Investors who purchased Velocity securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/vel.
The investigation concerns whether Velocity and certain of its officers and/or directors have violated federal securities laws.
On or about January 17, 2020, Velocity commenced its initial public offering ("IPO"), selling 7,250,000 shares of stock priced at $13.00 per share and raising $94,250,000 in new capital. Since the IPO, Velocity's stock price has declined significantly, closing as low as $2.47 per share, representing a decline of 81% from the offering price.
If you are aware of any facts relating to this investigation, or purchased Velocity shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/vel. 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.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC