SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Kingsoft Cloud Holdings Limited - KC

NEW YORK, April 3, 2022

The investigation concerns whether Kingsoft and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action] 

On or around May 8, 2020, Kingsoft conducted its initial public offering ("IPO"), selling 30 million American Depositary Shares ("ADSs") priced at $17.00 per ADS.  Then, on March 14, 2022, a J.P. Morgan analyst downgraded Kingsoft stock from neutral to underweight, cutting its price target from $8.00 per ADS to $3.50 per ADS. 

On this news, Kingsoft's stock price fell $2.35 per share, or 47.86%, to close at $2.56 per share on March 14, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.