Domo Alert: Johnson Fistel Announces Investigation of Domo, Inc.; Encourages Investors to Contact the Firm for Additional Information

PRNewswire 3-Dec-2018 7:36 AM

SAN DIEGO, Dec. 3, 2018 /PRNewswire/ -- Johnson Fistel, LLP, is investigating potential violations of the federal securities laws by Domo, Inc. (NASDAQ:DOMO) and certain of its officers and directors. Domo operates a cloud-based platform in the United States.

On or about June 29, 2018, Domo sold 9.2 million shares of stock in its initial public stock offering (the "IPO"), at $21 a share raising $193,200,000 in new capital.  However, since the IPO, Domo stock has plunged, on November 30, 2018, the stock closed at $15.96.

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 June 2018 initial public stock offering (the "IPO") 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, or if you are a Domo shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (jimb@johnsonfistel.com) 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. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471 
jimb@johnsonfistel.com

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SOURCE Johnson Fistel, LLP