Shareholder rights law firm Robbins LLP informs shareholders that it is investigating DouYu International Holdings Limited (NASDAQ: DOYU) for potential violations of federal securities laws pursuant to its July 2019 initial public offering ("IPO"). DouYu offered shares at $11.50 per ADS and raised $489.9 million in net proceeds. However, on December 18, 2019, an article published by Yahoo Finance listed DouYu as one of "the 5 worst performing IPOs of 2019." DouYu's poor performance has continued, and by February 27, 2020, shares of DouYu closed at only $7.79 per share, representing a decline of approximately 32% from its IPO share price.

If you purchased shares of DouYu stock in its July 2019 IPO at $11.50 per share, click here.

DouYu International Holdings Limited (DOYU) Shareholders Have Legal Options

Contact us to learn more:
Leo Kandinov
(800) 350-6003
LKandinov@robbinsllp.com
Shareholder Information Form

Robbins LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click here to receive free alerts from Stock Watch when companies engage in wrongdoing.

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