Lizhi Inc. (LIZI)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Lizhi Inc. ("Lizhi" or the "Company") (NYSE: LIZI). The investigation concerns whether Lizhi and certain of its officers and/or directors have violated federal securities laws.
On or around January 17, 2020, Lizhi conducted its initial public offering (“IPO”), issuing 4.1 million American depositary shares (“ADSs”) priced at $11.00 per ADS. Since the IPO, Lizhi’s ADS price has fallen precipitously, closing at $2.77 per ADS on September 22, 2020, representing a decline of 74.82% from the IPO price.
If you are aware of any facts relating to this investigation, or purchased Lizhi shares, you can assist this investigation by contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz 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.