Overview
- Earlier reports from Chinese outlets said an expedited IPO pathway for Yushu was called off, citing unnamed sources who described a push to cool an overheated robotics trade.
- Investment-banking sources said Yushu never sought a green channel and has been following the normal listing queue, so there was nothing to suspend.
- Yushu issued a formal statement rejecting the reports, asserting its listing work is progressing, urging retractions, and reserving the right to pursue legal action.
- CSRC disclosures show Yushu completed IPO counseling in November with CITIC Securities as its counselor for a planned domestic listing.
- Coverage notes tighter scrutiny of robotics listings following speculative A-share rallies tied to control deals, and reports say Yushu could become the first A-share humanoid-robot stock as its CEO has said 2024 revenue topped ¥1 billion with profitability.