Chinese LGBTQ App Co. Hit With Suit Over Share Price Drops

By Sarah Jarvis (July 20, 2021, 6:44 PM EDT) -- The operator of China's largest LGBTQ dating app has been hit with a proposed investor class action alleging that its initial public offering documents overstated its business and financial prospects and omitted that it was unprepared to absorb the costs of becoming publicly traded, leading to stock drops....

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