LOS ANGELES–(BUSINESS WIRE)–$DOYU #classaction—The Law Offices of Frank R. Cruz announces an investigation on behalf of DouYu International Holdings Limited (“DouYu” or “the Company”) (NASDAQ: DOYU) investors concerning the Company and its officers’ possible violations of federal securities laws.
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In July 2019 the Company completed its initial public offering (“IPO”) priced at $11.50 per ADS. On December 18, 2019, Yahoo Finance listed the Company as one of “the 5 worst performing IPOs of 2019.” Then on February 27, 2020, DouYu dropped 32% from the IPO to $7.79 per ADS.
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If you purchased DouYu securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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