PR Newswire | Jun 22, 2021 10:04AM EDT

Stock Price has Plummeted Since IPO; Investors Suffering Losses Encouraged to Contact the Firm

06/22 09:03 CDT

OG Alert: Johnson Fistel Launches Investigation into Onion Global Limited - Stock Price has Plummeted Since IPO; Investors Suffering Losses Encouraged to Contact the Firm SAN DIEGO, June 22, 2021

SAN DIEGO, June 22, 2021 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against Onion Global Limited ("Onion Global " or the "Company") (NYSE: OG) for violations of federal securities laws.

On or about May 7, 2021, Onion Global sold about 9.3 million shares of stock in its initial public stock offering (the "IPO") at $7.25 a share, raising nearly $67.5 million in new capital. On June 21, 2021, the stock closed at $3.85.

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 November 2019 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, or if you are anOnion Globalshareholder and are interested in learning more about the investigation, 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, LLPJim Baker, 619-814-4471 jimb@johnsonfistel.com

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SOURCE Johnson Fistel, LLP