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Stock impact report

Shareholder Alert: Robbins LLP Reminds Investors iQIYI, Inc. (IQ) Sued for Misleading Shareholders

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
SAN DIEGO & HAIDIAN DISTRICT, Beijing--(BUSINESS WIRE)--Shareholder rights law firm Robbins LLP reminds investors that a purchaser of iQIYI, Inc. (NASDAQ: IQ) filed a class action complaint against the Company for alleged violations of the Securities Exchange Act of 1934 between March 29, 2018 and April 7, 2020. iQIYI provides online entertainment services under the iQIYI brand in China.If you suffered a loss as a result of iQIYI's misconduct, click here.iQIYI, Inc. (IQ) Accused of Misleading Shareholders According to the complaint, in March 2018, iQIYI held its initial public offering ("IPO") offering approximately 125 million ADSs for $18 per share and raising approximately $2.25 billion in proceeds. In its Registration Statement, iQIYI touted impressive online revenue growth from 2015 to 2017 due to "increased attractiveness and efficiency of [its] advertising services." Following the IPO, iQIYI continuously touted its growing number of paying subscribing members as well as its Show less Read more
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