{"id":10164,"date":"2021-09-17T16:02:34","date_gmt":"2021-09-17T20:02:34","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10164"},"modified":"2021-09-17T16:02:34","modified_gmt":"2021-09-17T20:02:34","slug":"waterdrop-inc-wdh-subject-of-class-action-lawsuit-on-behalf-of-investors","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/waterdrop-inc-wdh-subject-of-class-action-lawsuit-on-behalf-of-investors\/","title":{"rendered":"Waterdrop Inc. (WDH) Subject Of Class Action Lawsuit On Behalf Of Investors"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10165 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/09\/Waterdrop-Inc.-WDH.jpg\" alt=\"Waterdrop Inc. (WDH) is the subject of a class action lawsuit, filed on behalf of shareholders, regarding alleged violations of the federal securities laws.  If you have investment losses with Waterdrop Inc. (WDH), please contact Silver Law Group at (800) 975-4345 or at ssilver@silverlaw.com. The deadline to apply to be lead plaintiff (class representative) is November 15, 2021.  Waterdrop is a Chinese company founded in 2016 that operates medical crowdfunding platforms and provides online insurance brokerage services. The company is backed by Chinese tech conglomerate Tencent, which is a minority owner.  Waterdrop IPO  Waterdrop held its initial public offering (IPO) in May, 2021 selling 30 million shares at $12 per share. Representatives for the underwriters were Goldman Sachs (Asia), Morgan Stanley, and BofA Securities.  On June 17, 2021, Waterdrop reported financial results for the quarter closed before the IPO that stated that the company\u2019s operating costs and expenses had increased to $205.1 million and that the company had an operating loss for the quarter of $70.3 million, which was four times higher than the same quarter the prior year.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/09\/Waterdrop-Inc.-WDH.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/09\/Waterdrop-Inc.-WDH-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Waterdrop Inc. (WDH) is the subject of a class action lawsuit, filed on behalf of shareholders, regarding alleged violations of the federal securities laws.<\/p>\n<p><strong>If you have investment losses with <\/strong><strong>Waterdrop Inc. (WDH), please contact Silver Law Group at (800) 975-4345 or at <\/strong><a href=\"mailto:ssilver@silverlaw.com\" target=\"_blank\"><strong>ssilver@silverlaw.com<\/strong><\/a><strong>.<\/strong> <strong>The deadline to apply to be lead plaintiff (class representative) is November 15, 2021.<\/strong> <a href=\"https:\/\/www.silverlaw.com\/blog\/waterdrop-inc-wdh-subject-of-class-action-lawsuit-on-behalf-of-investors\/#more-10164\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Waterdrop Inc. (WDH) is the subject of a class action lawsuit, filed on behalf of shareholders, regarding alleged violations of the federal securities laws. If you have investment losses with Waterdrop Inc. (WDH), please contact Silver Law Group at (800) 975-4345 or at ssilver@silverlaw.com. The deadline to apply to be lead plaintiff (class representative) is [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[602],"tags":[],"class_list":["post-10164","post","type-post","status-publish","format-standard","hentry","category-class-action"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Waterdrop Inc. (WDH) Subject Of Class Action Lawsuit<\/title>\n<meta name=\"description\" content=\"Waterdrop Inc. 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