 LOS ANGELES, Aug. 25, 2021 PRNewswire -- The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired BlueCity Holdings Limited BlueCity or the Company NASDAQ: BLCT American Depositary Shares ADSs pursuant andor traceable to the registration statement and related prospectus collectively, the Registration Statement issued in connection with the Companys initial public offering conducted on or about July 8, 2020 the IPO or the Offering. 