LOS ANGELES, Aug. 07, 2020 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises 36Kr Holdings, Inc.. ("36Kr" or the "Company") (NYSE: KRKR) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors. The investigation seeks to determine whether the Company's filings with the U.S. Securities and Exchange Commission in relation to its November 2019 IPO and subsequent investor communications contained false statements of material facts or omitted to state additional facts necessary to make the statements made therein not misleading pertaining to the Company's business, and operations.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On or about November 8, 2019, 36Kr sold approximately 1.4 million shares of stock in its initial public stock offering (the "IPO"), at $14.50 a share raising nearly $20.5 million in new capital. However, since the IPO, 36Kr stock has plunged, on August 5, 2020, the stock closed at $3.37.
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The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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