Lawsuit filed for Investors in shares of Playtika Holding Corp. (NASDAQ: PLTK)

An investor, who purchased shares of Playtika Holding Corp. (NASDAQ: PLTK), filed a lawsuit in the U.S. over alleged violations of Federal Securities Laws by Playtika Holding Corp. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Playtika Holding Corp. (NASDAQ: PLTK) have certain options and for certain investors are short and strict deadlines running. Deadline: January 24, 2022. NASDAQ: PLTK investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Israel based Playtika Holding Corp. develops mobile games in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally.
On December 18, 2020, Playtika Holding Corp filed a registration statement with the Securities and Exchange Commission (“SEC”) in connection with the ompany’s initial public offering (“IPO”), which, after an amendment, was declared effective by the SEC on January 14, 2021 (the “Registration Statement”).

On or around January 15, 2021, Playtika Holding Corp. conducted its IPO, selling 18.5 million shares of common stock priced at $27.00 per share.

On May 11, 2021, Playtika Holding Corp. announced its financial results for the first quarter of 2021. GAAP earnings per share ("EPS") was $0.09, missing consensus estimates by $0.04.

On November 3, 2021, Playtika Holding Corp. announced its financial results for the third quarter of 2021. Playtika reported revenue of $635.9 million, missing consensus estimates by $26.07 million, GAAP EPS of $0.20, missing consensus estimates by $0.05.

Shares of Playtika Holding Corp. (NASDAQ: PLTK) declined from $30 per share on November 2, 2021, to $21.22 per share on November 4, 2021.

The plaintiff alleges on behalf of purchasers of Playtika Holding Corp. (NASDAQ: PLTK) common shares, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that that throughout the Offering Documents issued in connection with the Company’s IPO were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation. Additionally, the plaintiff alleges that between January 15, 2021 and November 2, 2021 the defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies.

Specifically, the plaintiff claims that the Offering Documents and Defendants made false and/or misleading statements and/or failed to disclose that the Company’s year-over-year total costs and costs related to sales & marketing and research & development were on track to rise significantly by the third quarter of 2021, that the success of the Company’s game portfolio was less sustainable than the Company had represented, that the foregoing issues were likely to negatively impact the Company’s revenue and earnings, and that a result, the Company’s public statements were materially false and misleading at all relevant times.

Those who purchased shares of Playtika Holding Corp. (NASDAQ: PLTK) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.