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Robbins Geller Rudman & Dowd LLP Announced Cloopen Group Holding Limited (NYSE stock code:RAAS) Based on and/or traceable to the registration statement and prospectus related to Cloopen’s IPO (collectively referred to as the “registration statement”) and/or American depositary of securities between February 9, 2021 and May 10, 2021 Shares (“ADS”), including (“Class Action Period”) must seek appointment as lead plaintiff before February 8, 2022 Dong v. Cloopen Group Holding Limited, No. 21-cv-10610 (SDNY). From December 10, 2021, closure The class action alleges that Cloopen, certain of its executives and directors, and the underwriters of the Cloopen IPO violated the Securities Act of 1933 and/or the Securities Exchange Act of 1934.
If you want to be the lead plaintiff closure Class action, please Click here to provide your information. You can also contact a lawyer JC Sanchez Robbins Geller call 800/449-4900 or send an email to jsanchez@rgrdlaw.com. Lead the plaintiff’s motion closure The class action must be filed in court before February 8, 2022.
Case allegations: Cloopen is known as the largest multi-capability cloud communication solution provider in China. In the US IPO in February 2021, Cloopen sold 23 million ADSs (including full exercise of the underwriter defendant’s over-allotment stock) at a price of US$16 per ADS, and received approximately US$342 million from the issuance. Net income.
This closure The class action allegations that the registration statement convinced Cloopen ADS buyers that Cloopen’s touted growth strategy relies on cross-selling, up-selling, and optimizing existing…
The full story can be found on Benzinga.com
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