Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Waterdrop Inc. (WDH) Investigation
NEW YORK, NY / ACCESSWIRE / July 27, 2021 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Waterdrop Inc. ("Waterdrop" or the "Company") (NYSE:WDH). Investors who purchased Waterdrop sharesare encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/wdh.
The investigation concerns whether Waterdrop and certain of its officers and/or directors have violated federal securities laws.
On or about May 7, 2021, Waterdrop conducted its initial public offering ("IPO"), selling 30 million American Depositary Shares ("ADSs") priced at $12.00 per ADS and raising approximate $360 million. Following the IPO, news outlets have reported that Waterdrop received pushback on its capital markets plan from the China Banking and Insurance Regulatory Commission, which wanted the Company's listing postponed, leading to an acceleration of the revision of relevant cybersecurity review rules now impacting Waterdrop. On July 26, 2021, Waterdrop's ADSs closed at $5.06, representing a decline of $6.94 per ADS, or 57.83% since the IPO.
If you are aware of any facts relating to this investigation, or purchased Waterdrop shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/wdh. 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.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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