Thieler Law Corp advises investors with losses exceeding $100,000 of the January 6, 2020 lead plaintiff deadline in a class action lawsuit filed against UP Fintech Holding Limited (NASDAQ: TIGR) (“Fintech” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Up Fintech Holding Limited securities  pursuant and/or traceable to Up Fintech’s initial public offering conducted on or about March 20, 2019 (the “IPO” or “Offering”); or between March 20, 2019 and May 16, 2019, both dates inclusive (the “Class Period”), have until January 6, 2020 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Up Fintech Holding Limited securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Fintech was experiencing a material decrease in commissions because of a negative trend related to risk-averse investors in the market; Fintech was unable to absorb costs associated with the rapid growth of its business and its status as a publicly listed company on a U.S. exchange; Fintech was incurring significant additional expenses related to, inter alia, employee headcount and employee compensation and benefits; all of the foregoing had led to Fintech significantly increasing operating costs and expenses; and as a result, defendants’ statements regarding Up Fintech’s business, operations, and prospects, were materially false and misleading.

On May 17, 2019, the Company revealed its first quarter 2019 financial results and disclosed a 4.1% decrease in commissions. Furthermore, the Company revealed that its operating costs skyrocketed by over 36%, citing increases in expenses related to employee headcount, employee compensation, office space, and leasehold improvements.

Following this news, the Company’s ADS price fell over 17%, to close at $5.77 per share on May 17, 2019.

If you were negatively impacted by your investment in Up Fintech Holding Limited securities pursuant and/or traceable to Up Fintech’s initial public offering conducted on or about March 20, 2019 or between March 20, 2019 and May 16, 2019, both dates inclusive and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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