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YSG.US
S.D. New York
Court
On March 10, 2022, Yatsen released disappointing financial results. The Company missed revenue estimates in its Q4 earnings and announced weak guidance for the next quarter.

On this news, Yatsen's stock price dropped over 39% and the Company lost more than $ 290 million of its capitalization in 1 day, seriously damaging investors.

Going back to 2021, Yatsen and its Leaders made investors believe that Perfect Diary and Little Ondine were thriving, thereby driving Yatsen’s top-line growth at the time of its IPO and quarter after quarter thereafter.  In fact, cosmetic and skincare sales of Perfect Diary and Little Ondine products were declining in the period leading up to the IPO and throughout 2021.

All things considered, Investors have reasons to suspect that the Company has violated their fundamental rights by failing to provide or withhold material information.
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Investment Bank
Service Provider
Security Type
Depository Securities (ADS, ADR, GDR)
Trade Direction
Long
Shock Event Date
10 March 2022
Collecting participants…
Created by Stan Vick, Scout

Yatsen Holding

Yatsen Holding Limited, together with its subsidiaries, engages in the development and sale of beauty products under the Perfect Diary, Little Ondine, Pink Bear, Abby's Choice, GalÃnic, DR.WU, Eve ...

    Ticker
    YSG.US
    ISIN
    US9851941099
    CIK
    1819580
    Sector
    Consumer Defensive
    Industry
    Household & Personal Products
    Country
    USA
    Address
    Art Port International Creation Center, Guangzhou, China, 510330