Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of purchasers of ON24, Inc. (NYSE: ONTF) (“ON24”) securities pursuant or traceable to the company's initial public offering ("IPO") on or around February 3, 2021.
ON24 investors may receive additional information about the investigation by clicking the link "Submit Your Information" above.
ON24, headquartered San-Francisco, markets products and services based upon webcasting, virtual event and environment technology. Specifically, ON24 provides a platform, powered by AI, to enable businesses to scale engagement, conversions, and pipeline to drive revenue growth.
On February 3, 2021, ON24 conducted its initial public offering (“IPO”) at $50 a share, selling 8.6 million shares of stock and generating nearly $430 million in new capital. Since then, the IPO has continuously declined, and on August 11, 2021, the stock was even trading as low as $21.50. On August 11, 2021, for the quarter ended June 30, 2021, ON24 reported a net loss of $2.5 million, compared to a net income of $5.3 million for the same period in the prior year.
As of October 21, 2021, the stock closed at $20.62 per share.
If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com ,