RADNOR, Pa / ACCESSWIRE / January 15, 2023 / The office of Kessler Topaz Meltzer & Check, LLP(www.ktmc.com) is informing investors that a securities class action lawsuit has been filed against Olaplex Holdings, Inc. (“Olaplex”) (NASDAQ:OLPX). The lawsuit alleges Olaplex’s violations of federal securities laws, including omissions and fraudulent misrepresentations regarding the company’s business, operations and prospects. As a result of Olaplex’s materially misleading public statements and omissions, investors in Olaplex have suffered significant losses.

CLICK HERE TO TRANSMIT YOUR OLAPLEX LOSSES. YOU CAN ALSO CLICK OR COPY AND PASTE THE FOLLOWING LINK INTO YOUR BROWSER: https://www.ktmc.com/new-cases/olaplex-holdings-inc?utm_source=PR&utm_medium=link&utm_campaign=olpx&mktm=r

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DEADLINE FOR PLAINTIFF: JANUARY 17, 2023

COURSE PERIOD: 30 SEPTEMBER 2021 TO 17 NOVEMBER 2022

CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:

Jonathan Naji, Esq. at (484) 270-1453 or email at [email protected]

Kessler Topaz is one of the world’s leading advocates for protecting the public from corporate fraud and other wrongdoing. Our securities fraud litigators are consistently recognized individually as leaders in the field, and our firm is feared and respected by both the defense and the Insurance Board. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.

ALLEGED MISCONDUCT OF OLAPLEX

On or about September 30, 2021, Olaplex completed its initial public offering and issued 73,700,000 shares of its common stock at a price of $21.00 per share for approximate proceeds of $1,466,445,750.

Just a year after the IPO, on September 29, 2022, an analyst at Piper Sandler downgraded Olaplex from Overweight to Neutral, saying her work had shown that “competition and misinformation are increasing risks to the…