Press release
Investigation announced for Investors in shares of Zhihu Inc. (NYSE: ZH) over possible Violations of Securities Laws
An investigation for investors in Zhihu Inc. (NYSE: ZH) shares over potential securities laws violations by Zhihu Inc.
Investors who purchased shares of Zhihu Inc. (NYSE: ZH), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Zhihu Inc. (NYSE: ZH regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based Zhihu Inc. operates an online content community in the People's Republic of China. Zhihu Inc. Reported that ist annual Total revenue rose from over 1.35 billion CNY in 2020 to over 2.95 billion CNY in 2021, and that its Net Loss increased from 517.55 million CNY in 2020 to over 1.29 billion CNY in 2021.
On or about March 26, 2021, Zhihu Inc. conducted its initial public offering ("IPO"), offering 55 million shares of its common stock to the investing public at a price of $9.50 per share.
Since the IPO shares Zhihu Inc. (NYSE: ZH) declined to as low as $0.97 per share on Octboer 24, 2022.
Those who purchased shares of Zhihu Inc. (NYSE: ZH) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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