Yushu Technology denies IPO valuation rumors

Recently, market rumors have claimed that Yushu Technology is seeking a 50 billion RMB IPO valuation. Yushu Technology stated that no internal or external discussions have taken place regarding the IPO valuation, and the related valuation information is untrue. According to information disclosed on the official website of the China Securities Regulatory Commission, Hangzhou Yushu Technology Co., Ltd. officially launched its IPO guidance process on July 18th, with CITIC Securities providing guidance.