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CURV.US
id: 461, Created by Stan Vick, Scout

IPO Case. Torrid (CURV) Investors are fighting back 90% losses

C.D. California
Court
On September 7, 2022, Torrid (CURV) released the financial results for Q2 2022 and revised downward 2022 net sales guidance.

In July 2021, Torrid conducted a successful IPO. By the end of September 2022, the price of Torrid stock fell over 80% below the IPO price.

Earlier in 2022, Torrid made several material steps to correct the business prospects:
  • senior management changes;
  • promotional activity in the short term to sell excess inventory;
Taking all information, projections, and representations made during IPO, investors have reasons to suspect that the Company, its Leaders, and related to IPO service providers acted not in the best their interests by misleading shareholders on material facts.
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Negligence
Omissions
Suspected Party
Directors
Management
Shareholder
Investment Bank
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
07 September 2022
Collecting participants…
Created by Stan Vick, Scout

Torrid Holdings Inc

Torrid Holdings Inc. operates in women's plus-size apparel and intimates market in North America. The company designs, develops, and merchandises its products under the Torrid and Torrid Curve bran...

    Ticker
    CURV.US
    ISIN
    US89142B1070
    CIK
    1792781
    Sector
    Consumer Cyclical
    Industry
    Apparel Retail
    Country
    USA
    Address
    18501 East San Jose Avenue, City Of Industry, CA, United States, 91748