An investigation for investors in DouYu International Holdings Limited (NASDAQ: DOYU) shares over potential securities laws violations by DouYu International Holdings Limited was announced.
San Diego, CA -- (SBWIRE) -- 10/21/2019 -- An investigation was announced concerning potential securities laws violations by DouYu International Holdings in connection with certain financial statements.
Investors who purchased shares of DouYu International Holdings Limited (NASDAQ: DOYU), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of DouYu International Holdings Limited (NASDAQ: DOYU) concerning whether a series of statements by DouYu International Holdings regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based DouYu International Holdings Limited operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming in China. On July 16, 2019, DouYu International Holdings Limited (NASDAQ: DOYU) announced its pricing of its initial public offering ("IPO") of 67.38 million ADS shares at $11.5 per share for a gross total proceeds of approximately $775 million.
However, since the IPO, shares of DouYu International Holdings Limited (NASDAQ: DOYU) declined to as low as $7.41 per share on October 15, 2019.
Those who purchased shares of DouYu International Holdings Limited (NASDAQ: DOYU) have certain options and should contact the Shareholders Foundation.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in conftact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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