|Company Name||Qudian Inc.|
On October 17, 2017, Qudian conducted its initial public offering, priced at $24 per American Depositary Share. Then on November 21, 2017, Bloomberg reported that Qudian had suffered a data breach that exposed information related to millions of the Company’s users.
On this news, Qudian’s American Depositary Shares price fell to lows of less than $12 per share, thereby injuring investors.
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