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Investigations  /  01.30.2019

Shareholder investigation of Uxin Limited

Uxin Limited (UXIN) Accused of Inflating its IPO Price

According to the complaint, Uxin Limited (UXIN) held its IPO in June 2018, and generated over $205 million in proceeds based on misleading offering documents. Uxin failed to disclose necessary material facts such as known trends, events, or uncertainties that were likely to have an impact on its operations. In August 2018, Uxin announced a strategic change in its approach in serving customers with car-selling needs. In November 2018, Uxin reported that the transaction volume had decreased by 8.5%. Following this news, Uxin’s share price closed at $4.50, which was approximately 50% of the IPO price of $9.00 per share. The stock now trades even lower at just $3.40.

Uxin Limited (UXIN) Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can please send us a message via the Shareholder Information form below.

Shareholder Information

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Please Note: Neither the submission to nor the receipt of information by Robbins Arroyo LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

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