Shareholder Alert: Robbins LLP is Investigating the Officers and Directors of DouYu International Holdings Limited (DOYU) on Behalf of Shareholders
March 3, 2020 (San Diego, CA & Wuhan, China) – Shareholder rights law firm Robbins LLP informs shareholders that it is investigating DouYu International Holdings Limited (NASDAQ: DOYU) for potential violations of federal securities laws pursuant to its July 2019 initial public offering (“IPO”). DouYu offered shares at $11.50 per ADS and raised $489.9 million in net proceeds. However, on December 18, 2019, an article published by Yahoo Finance listed DouYu as one of “the 5 worst performing IPOs of 2019.” DouYu’s poor performance has continued, and by February 27, 2020, shares of DouYu closed at only $7.79 per share, representing a decline of approximately 32% from its IPO share price.