 NEW YORK, May 12, 2021 PRNewswire -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the American depositary shares ADSs of BlueCity Holdings Limited NASDAQ: BLCT pursuant andor traceable to the offering documents issued in connection with the Companys initial public offering conducted on or about July 8, 2020 the IPO or Offering. A class action lawsuit has already been filed. 