Chinese regulators are seeking to raise the threshold for humanoid robot companies looking to access public capital markets, according to a Wall Street Journal report cited by ChainCatcher. People familiar with the matter said the China Securities Regulatory Commission has recently held informal meetings with some investment banks and institutional investors, signaling stricter standards for humanoid robotics firms pursuing listings.
The report linked the move to market trading in Unitree Technology after its listing. The company’s shares jumped 460% on the first day of trading, but the rally later faded. Its stock then fell about 50% from its post-listing high, bringing its market capitalization down to about $30 billion. Regulators are said to be trying to cool the frenzy that followed.
Chinese regulators are seeking to raise the threshold for humanoid robot companies looking to enter public capital markets, according to The Wall Street Journal.
People familiar with the matter said the China Securities Regulatory Commission has recently held informal meetings with some investment banks and institutional investors, signaling tougher requirements for humanoid robotics companies seeking listings.
The report said the move is tied to Unitree Technology’s market performance after going public. The company’s shares surged 460% on their first trading day, then lost momentum. The stock later fell about 50% from its post-listing high, leaving its market capitalization at about $30 billion.
Regulators are trying to cool the frenzy that followed.
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