Kingsoft Cloud Holdings Limited (KC)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Kingsoft Cloud Holdings Limited ("Kingsoft" or the "Company") (NASDAQ: KC). Investors who purchased Kingsoft securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Kingsoft and certain of its officers and/or directors have violated federal securities laws.
On or around May 8, 2020, Kingsoft conducted its initial public offering (“IPO”), selling 30 million American Depositary Shares (“ADSs”) priced at $17.00 per ADS. Then, on March 14, 2022, a J.P. Morgan analyst downgraded Kingsoft stock from neutral to underweight, cutting its price target from $8.00 per ADS to $3.50 per ADS. On this news, Kingsoft’s stock price fell $2.35 per share, or 47.86%, to close at $2.56 per share on March 14, 2022.
If you are aware of any facts relating to this investigation or purchased Kingsoft shares you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.