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Moore Threads Addresses 20% Stock Plunge: Large-Scale Unlocking of Offline-Allocated Restricted Shares Occurs Today; Investors Urged to Maintain Rational Perspective
1 day ago /
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Author：小编
On September 7, Moore Threads, a prominent domestic GPU manufacturer, witnessed a dramatic 20% drop in its stock price during trading hours, causing its market capitalization to dip below the 200 billion yuan mark. This significant downturn coincided with the large-scale expiration of the lock-up period for 25.7745 million offline-allocated restricted shares from its initial public offering (IPO). A representative from Moore Threads clarified that the stock price plunge was primarily attributable to the substantial influx of shares entering the market due to the expiration of the lock-up period, emphasizing that the company's underlying fundamentals remain robust and unaffected.
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