LOS ANGELES–(BUSINESS WIRE)–$DOYU #DOYU—The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of DouYu International Holdings Limited (“DouYu” or “the Company”) (NASDAQ: DOYU) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. DouYu completed its initial public offering (“IPO”) in July 2019 at a price of $11.50 per ADS. Yahoo Finance listed the Company as one of “the 5 worst performing IPOs of 2019” on December 18, 2019. February 27, 2020, shares of DouYu closed at $7.79 per ADS, a drop of 32% from the IPO.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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Contacts
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
