Market chatter claimed scalpers were buying Yushu Technology IPO allocations off‑market and some intermediaries were quoting well above the offer price. Institutional investors, private funds and brokers contacted said they found no evidence and described the reports as largely unfounded. Such private OTC arrangements may be legally questionable and could expose investors to losses, the sources warned. CITIC Securities, the IPO's lead underwriter, reminded market participants that securities tra

Market chatter claimed scalpers were buying Yushu Technology IPO allocations off‑market and some intermediaries were quoting well above the offer price. Institutional investors, private funds and brokers contacted said they found no evidence and described the reports as largely unfounded. Such private OTC arrangements may be legally questionable and could expose investors to losses, the sources warned. CITIC Securities, the IPO's lead underwriter, reminded market participants that securities trading must comply with laws and market rules, be conducted via authorised channels and real‑name accounts, and urged against speculative bandwagoning while advising careful risk assessment.