LOS ANGELES, Oct. 25, 2022 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of what’s to come November 22, 2022 Deadline for filing a motion by lead plaintiff in the class action lawsuit filed on behalf of investors who have purchased or otherwise acquired Yatsen Holding Limited (“Yatsen” or the “Company”) YSG American Depository Shares (“ADS”): (a) between November 19, 2020 and March 10, 2022, inclusive (the “Class Period”); and/or (b) pursuant to or traceable to the Company’s registration statement and related prospectus (collectively, the “Offering Documents”) issued in connection with Yatsen’s November 2020 initial public offerings (the “IPO” or the “Offering”) .
If you have suffered a loss on your Yatsen investments or would like to inquire about potential claims to recover your loss under federal securities laws, you may submit your contact information at www.glancylaw.com/cases/yatsen-holding-limited/. You can also contact GPM’s Charles H. Linehan at 310-201-9150, toll free at 888-773-9224, or email at shareholders@glancylaw.com to learn more about your rights.
In November 2020, Yatsen completed its IPO and sold 58.75 million ADS at $10.50 per ADS.
On August 26, 2021, Yatsen announced during an analyst call in Q2 2021 that its Perfect Diary cosmetics line had deteriorated, necessitating a “rebalancing” of the company.
On the news, Yatsen stock fell $1.03, or 17.6%, to close at $4.81 per ADS on August 26, 2021, hurting investors.
Then, on November 17, 2021, Yatsen released its financial results for the third quarter of 2021, which revealed a significant decrease in the gross sales of the company’s cosmetics brands.
On the news, Yatsen’s stock fell $0.59, or 17.9%, to close at $2.70 per ADS on November 17, 2021.
On March 10, 2022, Yatsen released its financial results for the fourth quarter and full year 2021, reporting a decrease in net sales of 22.1% and gross sales of 17.2%.
On the news, Yatsen stock fell $0.49, or 39.5%, to close at $0.75 a…
