Recent market chatter around Unitree Technology’s IPO claimed that scalpers were buying allotments in over-the-counter deals and that some intermediaries were quoting prices far above the offer price. According to a report by Shanghai Securities News cited by BlockBeats on Aug. 15, checks with investment institutions, private funds and brokerage veterans did not substantiate those claims. People consulted by the newspaper said they had not seen such activity and described the rumor as largely unfounded.
The report also flagged the legal and compliance risks tied to private off-exchange arrangements. Such deals may fall outside recognized trading channels, leaving investors exposed to losses. Citic Securities, the lead underwriter for Unitree’s IPO, issued a reminder that securities trading must follow applicable laws, regulations and market rules, and should only be conducted through approved channels with real-name accounts. The firm urged investors not to chase speculation blindly and to assess risks carefully.
BlockBeats reported on Aug. 15, citing Shanghai Securities News, that recent market discussion around Unitree Technology’s IPO included claims of scalpers buying allotments in off-exchange deals, with some intermediaries quoting prices well above the offer price.
The newspaper said it checked with investment institutions, private funds and senior market participants at brokerages. Those contacted said they had not found such cases, and that the related claims were largely rumor.
The report added that private off-exchange arrangements and transactions of this kind carry questionable compliance status, and investors could easily suffer losses.
Citic Securities, the lead underwriter for Unitree Technology’s IPO, also issued a warning. It said securities trading must strictly comply with laws, regulations and market trading rules, and can only be conducted through channels recognized by law and regulation using real-name accounts. The brokerage advised investors not to follow speculative trading blindly, and to stick to rational, value-based investing while assessing risks with caution.
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