RADNOR, Pa., July 08, 2021 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of shareholders of Kanzhun Limited (NASDAQ: BZ) (“Kanzhun” or “BOSS Zhipin”).
On June 11, 2021, Kanzhun conducted its initial public offering and issued 48 million American Depository Shares (“ADSs”) at a price of $19.00 per ADS.
On July 5, 2021, BOSS Zhipin issued a press release announcing that “pursuant to the announcement posted by the Cyberspace Administration of China on July 5, 2021, the Company is subject to cybersecurity review by the authority.” BOSS Zhipin also reported that it is required to suspend new user registration in China. The next trading day, July 6, 2021, Kanzhun’s ADSs opened at $32.44 per share, $3.87 lower than the prior closing price of $36.31 on July 2, 2021.
If you are a Kanzhun investor and would like to learn more about our investigation, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll free at (844) 887-9500; via e-mail at info@ktmc.com; or please visit the following link to fill out our online form https://www.ktmc.com/kanzhun-limited-investigation?utm_source=PR&utm_medium=link&utm_campaign=kanzhun
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500
info@ktmc.com