Moore Threads shares fall 20% amid major stock unlock

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On-chain data shows that Moore Threads (688795.SH) shares declined 20% on September 7 (UTC+8), with market capitalization falling below RMB 200 billion. The company announced the first release of 25.7745 million offline IPO shares. A reporter from the First Financial Daily, posing as an investor, was informed that this move involved a large-scale release of restricted shares. On-chain analysis suggests the selling pressure reflects typical post-lockup expiration dynamics. The company emphasized that its fundamentals remain stable and urged investors to remain rational.

ME News reports that on September 7 (UTC+8), Chinese GPU manufacturer Moore Threads (688795.SH) hit a 20% daily trading limit down during the session, with its market capitalization falling below RMB 200 billion. According to the announcement, on that day, 25.7745 million shares of restricted shares from the initial public offering’s offline allocation became eligible for release. A Caixin journalist, calling as an investor, reached out to Moore Threads’ securities affairs representative, who stated that the day marked a significant release of offline allocation restricted shares and urged investors to view the situation rationally, noting that the company’s fundamentals remain stable. (Source: ChainCatcher)

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