The Law Offices of Frank R. Cruz Continues Investigation of Kanzhun Limited (BZ) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--Jul 12, 2021--
The Law Offices of Frank R. Cruz continues its investigation of Kanzhun Limited (“Kanzhun” or the “Company”) (NASDAQ: BZ ) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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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.
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If you purchased Kanzhun securities, 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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to firstname.lastname@example.org, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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CONTACT: The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: The Law Offices of Frank R. Cruz
Copyright Business Wire 2021.
PUB: 07/12/2021 10:45 AM/DISC: 07/12/2021 10:46 AM