Waterdrop Inc.

A securities class action has been filed against Waterdrop Inc. (WDH) on behalf of all persons or entities who purchased Waterdrop American Depositary Shares (“ADSs”) in or traceable to the Company’s May 6, 2021 initial public offering.  This case has been filed in the USDC – S.D.N.Y.

In May 2021, Waterdrop conducted its initial public offering (“IPO”), selling 30 million American Depositary Shares (“ADSs”) at $12.00 per ADS.

Following the IPO, news outlets have reported that Waterdrop received pushback on its capital markets plan from the China Banking and Insurance Regulatory Commission, which wanted the Company’s listing postponed, leading to an acceleration of the revision of relevant cybersecurity review rules now impacting Waterdrop.