Waterdrop, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
Waterdrop, on or about May 7, 2021, conducted its initial public offering (“IPO”), selling 30 million American Depositary Shares, priced at $12.00 per ADS, raising approximate $360 million. News outlets have reported following the IPO that Waterdrop received pushback on its capital markets plan from the China Banking and Insurance Regulatory Commission, which wanted the Waterdrop’s listing postponed, which led to an acceleration of the revision of relevant cybersecurity review rules that now impact Waterdrop. Waterdrop’s ADSs closed at $5.06 on July 26, 2021, representing a decline of $6.94 per ADS, or 57.83% since the IPO.
