|Company name||Lizhi, Inc.|
NEW YORK, October 9, 2020 – Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Lizhi, Inc. (NASDAQ: LIZI) on behalf of Lizhi stockholders. Our investigation concerns whether Lizhi has violated the federal securities laws and/or engaged in other unlawful business practices.
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 purchased or otherwise acquired Lizhi shares and suffered a loss, have information, 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 Brandon Walker, Melissa Fortunato, or Marion Passmore by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.