Shareholder Alert: Robbins LLP Reminds Investors It is Investigating the Officers and Directors of Velocity Financial, Inc. (VEL) on Behalf of Shareholders

San Diego, California and Westlake Village, California--(Newsfile Corp. - June 25, 2020) - Shareholder rights law firm Robbins LLP reminds 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 May 12, 2020, shares of Velocity closed at only $3.00 per share, representing a staggering decline of approximately 77% from its IPO share price.

If you purchased shares of Velocity stock in its January 2020 IPO at $13 per share, click here.

Velocity Financial, Inc. (VEL) Shareholders Have Legal Options

Contact us to learn more:

Leo Kandinov
(800) 350-6003
LKandinov@robbinsllp.com
Shareholder Information Form

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Contact:

Leo Kandinov
Robbins LLP
5040 Shoreham Place
San Diego, CA 92122

LKandinov@robbinsllp.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsllp.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/58560