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0 0.00115807759119859 0.00984365952518829 0.0083960625361899 0.00579038795599313 0.00579038795599313 0.00579038795599313 0.00579038795599313
Stock impact report

iQIYI ALERT: Bragar Eagel & Squire, P.C. is Investigating iQIYI, Inc. on Behalf of Stockholders and Encourages Investors to Contact the Firm

iQIYI, Inc. - American Depositary Shares (IQ) 
Last iqiyi, inc. - american depositary shares earnings: 2/27 04:30 pm Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against iQIYI, Inc. (NASDAQ: IQ) on behalf of iQIYI stockholders. Our investigation concerns whether iQIYI has violated the federal securities laws and/or engaged in other unlawful business practices.Click here to participate in the action.On or around March 29, 2018, iQIYI conducted its initial public offering (“IPO”), issuing 125,000,000 American Depositary Shares (“ADSs”) priced at $18.00 per share.Then, on April 7, 2020, Wolfpack Research (“Wolfpack"), a global financial research and due diligence firm, published a report alleging that iQIYI “was committing fraud well before its IPO in 2018 and has continued to do so ever since.” Wolfpack estimates that the Company inflated its 2019 revenue by approximately RMB 8 billion to RMB 13 billion, or 27% to 44%, by overstating its user numbers by approximately 42% to 60%.Following publication o Show less Read more
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