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Yushu Technology IPO: Grey Market Trading Rumors Pose Significant Risks

BlockBeats News, August 15th. According to Securities Times, there has been recent discussion in the market about the appearance of "scalpers" outside the Ubiquitous Tree Technology venue, with some intermediaries quoting prices significantly higher than the issuance price.

In response, reporters have sought confirmation from various market veterans such as investment institutions, private equity funds, and securities firms, all of whom have indicated that they have not found such situations. They believe that the related rumors are basically groundless. At the same time, it was pointed out that such private off-market agreements and trades raise compliance concerns, and investors are at risk of suffering losses.

China Citic Securities, as the lead underwriter for Ubiquitous Tree Technology's IPO, also warned that securities trading must strictly comply with laws and regulations as well as securities market trading rules. Trading can only be conducted through channels recognized by laws and regulations using real-name accounts. It is advised not to blindly follow speculative trends but to adhere to rational and value investing, and to carefully assess investment risks.

Source: BlockBeats

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