LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Lizhi Inc. (“Lizhi” or “the Company”) (NASDAQ: LIZI) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Lizhi conducted its initial public offering (“IPO”) on or around January 17, 2020. The Company issued 4.1 American depositary shares (“ADSs”) at $11.00 per ADS. Since the IPO, Lizhi’s ADS price has dropped sharply, closing at $2.77 per ADS on September 22, 2020, a drop of almost 75% since its IPO.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected]
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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