We are investigating Personalis, Inc. (PSNL) (“Personalis” or the “Company”) for potential violations of the federal securities laws.
On June 20, 2019, Personalis completed its initial public offering (“IPO”), offering approximately 7.9 million shares priced at $17.00 per share and raising $140 million in gross proceeds. Four days after the IPO, Personalis stock was trading as high as $31.88 per share. Since the IPO, Personalis’s stock has closed as low as $4.75 per share, representing a decline of more than 72% from the offering price.