San Diego, CA -- (SBWire) -- 10/11/2022 --Waterdrop Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Waterdrop Inc. (NYSE: WDH), 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 certain statements by Waterdrop Inc. (NYSE: WDH regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based Waterdrop Inc., through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China.
On May 7, 2021, Waterdrop Inc. announced the pricing of its initial public offering ("IPO") of 30,000,000 American depositary shares ("ADSs"), each representing 10 Class A ordinary shares of the Company, at a price of US$12.0 per ADS. In addition, Waterdrop Inc. said it had granted the underwriters a 30-day option to purchase up to an aggregate of 4,500,000 additional ADSs to cover over-allotment and that the total gross proceeds of the offering are expected to be approximately US$360.0 million if the underwriters do not exercise their over-allotment option, and approximately US$414.0 million if the underwriters choose to exercise their over-allotment option in full.
Waterdrop Inc. reported that its annual Total Revenue rose from over 3.02 billion CNY in 2020 to over 3.2 billion CNY in 2021, and that its Net Loss increased from 663.86 million CNY in 2020 to over 1.57 billion CNY in 2021.
Shares of Waterdrop Inc. (NYSE: WDH) declined to as low as $0.98 per share on May 9, 2022.
Those who purchased shares of Waterdrop Inc. (NYSE: WDH) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.
Waterdrop Inc. (NYSE:WDH) Investor Notice: Investigation over Potential Securities Laws Violations
An investigation for investors in Waterdrop Inc. (NYSE:WDH) shares over potential securities laws violations by Waterdrop Inc. was announced.