(MENAFN- GlobeNewsWire - Nasdaq)
SAN DIEGO, Feb. 17, 2022 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Informatica Inc. ('Informatica' or 'the Company') (NYSE: INFA).
On or around October 27, 2021, Informatica conducted its initial public offering ('IPO'), issuing 29,000,000 shares priced at $29.00 per share. Then, on February 16, 2022, the Company reported a net loss that widened to $66.3 million, or 25 cents a share, from $32.8 million, or 13 cents a share, in the year-ago period.
On February 17, 2022, the stock closed at $20.18.
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 October 2021 IPO and subsequent investor communications 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, including past employees and others, or an Informatica shareholder interested in learning more about the investigation, please contact Jim Baker ( ) by email or phone at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, 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. Johnson Fistel seeks to recover losses incurred due to violations of federal securities laws. For more information about the firm and its attorneys, please visit . Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
To join this action, you can go to:
or [ Click here to join this action ]. There is no cost or obligation to you.
Tags Class Action
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