SAN DIEGO & WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–$VEL #ClassAction–Shareholder rights law firm Robbins LLP informs shareholders that it is investigating Velocity Financial, Inc. (NYSE: VEL) for potential material misstatements and violations of federal securities laws pursuant to its January 2020 initial public offering (“IPO”). Velocity offered 7,250,000 shares at $13 per share and raised $100.7 million in gross proceeds. Since its IPO, Velocity’s stock has precipitously declined and by April 17, 2020, shares of Velocity closed at only $3.10 per share, representing a staggering decline of approximately 76% from its IPO share price.
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Velocity Financial, Inc. (VEL) Shareholders Have Legal Options
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