ONGOING INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Announces Investigation into Zhihu Inc. (ZH)
NEW YORK , January 25 /Businesswire/ - Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights litigation firm, is investigating whether Zhihu Inc. (“Zhihu” or the “Company”) (NYSE: ZH) and/or certain of its officers and directors violated federal securities laws. If you purchased Zhihu American Depository Shares (“ADS”) pursuant and/or traceable to Zhihu’s initial public offering (“IPO”) in March 2021, you are encouraged to contact Scott+Scott attorney Jonathan Zimmerman at (888) 398-9312 or jzimmerman@scott-scott.com.
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Zhihu purports to be the largest question and answer inspired online community and one of the top five comprehensive online content communities in China.
In March 2021, Zhihu sold a total of 55,000,000 ADS to the investing public at $9.50 per share, raising $522.5 million in gross proceeds. Since then, Zhihu’s shares have traded as low as $0.89 per share, representing a decline of over 90% from the $9.50 IPO offering price.
What You Can Do – CLICK HERE
If you purchased Zhihu ADS and have suffered a loss, realized or unrealized, and you wish to discuss this investigation, please contact attorney Jonathan Zimmerman at (888) 398-9312 or at jzimmerman@scott-scott.com.
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Connecticut, California, and Ohio.
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