Market Chatter: China Slows Down Robot Companies' IPO Amid Concerns

MT Newswires Live09-22

China is hindering the progress of humanoid robot companies that are applying for initial public offerings due to retail-investor concerns, Reuters reported Monday, citing insiders.

Concerns were triggered after Unitree Robotics (SHA:688836) skyrocketed 629% at its Shanghai Stock Exchange debut, but dropped 55% from its peak, the report said.

Market regulators have used the informal "window guidance" to slow down the listings of such companies, effectively freezing them, although there is no formal ban, the insiders told the media outlet.

The China Securities Regulatory Commission did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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