INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Kanzhun Limited (BZ) on Behalf of Investors
BENSALEM, Pa.--(BUSINESS WIRE)--Jul 6, 2021--
Law Offices of Howard G. Smith announces an investigation on behalf of Kanzhun Limited (“Kanzhun” or the “Company”) (NASDAQ: BZ ) investors concerning the Company’s possible violations of federal securities laws.
In June 2021, Kanzhun sold about 48 million American Depositary Shares (“ADSs” or “shares”) 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 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 ADS price fell as much as 17% during intraday trading on July 6, 2021, thereby injuring investors.
If you purchased Kanzhun ADSs, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com:https://www.businesswire.com/news/home/20210706005713/en/
CONTACT: Law Offices of Howard G. Smith
Howard G. Smith, Esquire
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: Law Offices of Howard G. Smith
Copyright Business Wire 2021.
PUB: 07/06/2021 01:49 PM/DISC: 07/06/2021 01:49 PM