NEW YORK–(BUSINESS WIRE)–Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Waterdrop Inc. (“Waterdrop” or the “Company”) (NYSE: WDH) on behalf of Waterdrop stockholders. Our investigation concerns whether Waterdrop has violated the federal securities laws and/or engaged in other unlawful business practices.
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On or about May 7, 2021, Waterdrop conducted its initial public offering (“IPO”), selling 30 million American Depositary Shares (“ADSs”) priced at $12.00 per ADS and raising approximately $360 million. Following the IPO, news outlets have reported that Waterdrop received pushback on its capital markets plan from the China Banking and Insurance Regulatory Commission, which wanted the Company’s listing postponed, leading to an acceleration of the revision of relevant cybersecurity review rules now impacting Waterdrop.
On July 26, 2021, Waterdrop’s ADSs closed at $5.06, representing a decline of $6.94 per ADS, or 57.83% since the IPO.
If you purchased or otherwise acquired Waterdrop shares and suffered a loss, are a long-term stockholder, have information, 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 Brandon Walker, Melissa Fortunato, or Marion Passmore by email at firstname.lastname@example.org, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.