China's flexible-screen maker Royole withdraws STAR Market IPO

China's flexible-screen maker Royole withdraws STAR Market IPO

A Royole Corp. Flexpai smartphone sits on display during the 2019 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S. Photographer: David Williams/Bloomberg

Royole Corp. and sponsor Citic Securities ditched the flexible-display maker’s initial public offering (IPO) plan for Shanghai’s Nasdaq-like STAR Market, citing unresolved shareholder issues.