NEW YORK, NY / ACCESSWIRE / July 7, 2021 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Kanzhun Limited ('Kanzhun' or 'the Company') (NASDAQ:BZ). Investors who purchased Kanzhunshares are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/bz.
The investigation concerns whether Kanzhunand certain of its officers and/or directors have violated federal securities laws.
On or around June 11, 2021, Kanzhun conducted its initial public offering ("IPO"), issuing 48 million American Depositary Shares ("ADSs") priced at $19.00 per ADS. Then, on July 5, 2021, Kanzhun issued a press release entitled "Kanzhun Limited Announces Cybersecurity Review in China." According to the Company's release, "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. During the review period, [Kanzhun's] ‘BOSS Zhipin' app is required to suspend new user registration in China to facilitate the process." On this news, Kanzhun's ADS price fell $5.79 per share, or 15.95%, to close at $30.52 per share on July 6, 2021.
If you are aware of any facts relating to this investigation, or purchased Kanzhun shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/bz. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz and Grossman, LLC
View source version on accesswire.com:
https://www.accesswire.com/654620/Bronstein-Gewirtz-Grossman-LLC-Notifies-Shareholders-of-Kanzhun-Limited-BZ-Investigation