Thieler Law Corp advises investors with losses exceeding $100,000 of the June 18, 2021.lead plaintiff deadline in a class action lawsuit filed against BlueCity Holdings Limited (NASDAQ: BLCT) (BlueCity Holdings Limited or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of New York and investors, who purchased BlueCity Holdings Limited (NASDAQ: BLCT) securities pursuant and/or traceable to BlueCity’s July 8, 2020 initial public offering (the “IPO” or the “Offering”)), have until September 17, 2021. to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased BlueCity Holdings Limited (NASDAQ: BLCT) securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

BlueCity operates a platform for the LGBTQ—lesbian, gay, bisexual, transgender, and queer (or questioning)—community primarily under the BlueCity brand in China, India, Korea, Thailand, and Vietnam. The Company operates a mobile application, Blued, together with other products and services. The Company’s LGBTQ platforms provide products and services, including social and entertainment, online health consulting and online pharmacy, and assisted reproductive technology service.

On June 16, 2020, BlueCity filed a registration statement on Form F-1 with the SEC in connection with the IPO, which, after amendment, was declared effective on July 7, 2020 (the “Registration Statement”).

On July 8, 2020, BlueCity filed a prospectus on Form 424B4 with the SEC in connection with the IPO, which incorporated and formed part of the Registration Statement (the “Prospectus” and, together with the Registration Statement, the “Offering Documents”).

That same day, BlueCity conducted the IPO pursuant to the Offering Documents, issuing 5.3 million of the Company’s ADSs to the public at the Offering price of $16.00 per ADS for approximate proceeds of $78.86 million to the Company before expenses and after applicable underwriting discounts and commissions.

According to the lawsuit, the Registration Statement contained false and/or misleading statements and/or failed to disclose that: (1) defendants had overstated BlueCity’s business and financial prospects; (2) BlueCity was ill-equipped to absorb the costs of becoming a publicly traded company, including IPO- and growth-related costs; (3) as a result of all the foregoing, defendants had misrepresented BlueCity’s capability for sustainable growth; and (4) as a result, the Registration Statement was materially false or misleading and failed to state information required to be stated therein. When the true details entered the market, the lawsuit claims that investors suffered damages.