Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a federal securities class action lawsuit has been filed against Kanzhun Limited in the United States District Court for the District of New Jersey on behalf of those who purchased or otherwise acquired American Depositary Receipts (“ADRs”) of Kanzhun between June 11, 2021 and July 2, 2021, inclusive (the “Class Period”).
All investors who purchased the ADRs of Kanzhun Limited and incurred losses are urged to contact the firm immediately at firstname.lastname@example.org or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the case on our website, www.whafh.com.
If you have incurred losses in the ADRs of Kanzhun Limited, you may, no later than September 10, 2021, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in the ADRs of Kanzhun Limited.
In June 2021, Kanzhun sold about 48 million ADRs in its initial public offering (the “IPO”) for $19 per share, raising nearly $912 million in new capital.
On July 5, 2021, Kanzhun announced that the Company was subject to a review by the Cyberspace Administration of China (“CAC”) and that, during the review period, Kanzhun’s “BOSS Zhipin app is required to suspend new user registration in China.”
On this news, the Company’s ADR price fell $5.79 per ADR, or 15%, to close at $30.52 per ADR on July 6, 2021.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at email@example.com, or visit our website at www.whafh.com.
Wolf Haldenstein Adler Freeman & Herz LLP
Patrick Donovan, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: firstname.lastname@example.org, email@example.com or firstname.lastname@example.org
Tel: (800) 575-0735 or (212) 545-4774