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Stock impact report

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of iQIYI, Inc. - IQ

iQIYI, Inc. - American Depositary Shares (IQ) 
Last iqiyi, inc. - american depositary shares earnings: 2/27 04:30 pm Check Earnings Report
Company Research Source: GlobeNewswire
NEW YORK, April 15, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of iQIYI, Inc. (“iQIYI” or the “Company”) (NASDAQ: IQ).   Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980. The investigation concerns whether iQIYI and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class 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 Show less Read more
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