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0 0 0.00815217391304342 0.00407608695652177 0.00271739130434789 -0.00339673913043483 -0.00203804347826083 0.000679347826086942
Stock impact report

DOUYU INTERNATIONAL HOLDING LIMITED (NASDAQ: DOYU) INVESTOR ALERT: Abraham, Fruchter & Twersky, LLP Announces Investigation of Securities Fraud Claims

DouYu International Holdings Limited - American Depositary Shares (DOYU) 
Last douyu international holdings limited - american depositary shares earnings: 3/19 02:00 am Check Earnings Report
Company Research Source: GlobeNewswire
NEW YORK, April 29, 2020 (GLOBE NEWSWIRE) -- DouYu International Holding Limited (NASDAQ: DOYU) completed its initial public offering of American Depository Shares on July 16, 2019.  In a series of disclosures it was revealed that at the time of the IPO, unbeknownst to investors, DOUYU was experiencing high top streamer retention costs and that it knew that the present, ongoing, and likely continued departure of top streamers would negatively impact its performance.  It also became apparent that DOUYU had not ensured that all its streamers were fully compliant with regulatory requirements, which forced DOUYU to remove popular streamers that were non-compliant from operations.  As a result of these disclosures, on December 18, 2019, Yahoo Finance listed DOUYU as one of “the 5 worst performing IPOs of 2019.”  DOUYU has traded as low as $6.27 per share since the IPO, representing a 45% decline from the offering price of $11.50.   A securities class action lawsuit has been filed agains Show less Read more
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