Chinese LGBTQ App Co. Beats Suit Over Post-IPO Risks

By Sydney Price (August 23, 2023, 9:23 PM EDT) -- A New York federal judge threw out a proposed investor class action alleging the operator of China's largest LGBTQ dating app overstated its business and financial prospects in its initial public offering documents, finding the company painted an accurate picture of the risks of catering to the LGBTQ market in China....

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