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MetaX lock-up expires, unlocking 14 million shares

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Story summary
  • China braces for a massive sell-off of MetaX Integrated Circuits shares as the lock-up expires Thursday.
  • The expiry releases 14 million MetaX shares that were previously restricted.
  • Analysts say the newly tradable shares could generate significant selling pressure.
  • Last week, Moore Threads’ lock-up expiry erased nearly 49 billion yuan (US$7.3 billion) from its market value.
  • The MetaX launch is seen as a key test for China’s AI chip sector.