Swedish prosecutors suspect that information leaks led to the premature exposure of rumors about SIVE's dual listing, causing stock price fluctuations, and an investigation has now been initiated.

ME News report: On May 30 (UTC+8), Jonas Myrdal, a prosecutor with Sweden’s Economic Crime Authority, said that the fact that a report on social platform X about Sivers Semiconductors (SIVE) considering a dual listing in the U.S. was leaked in advance and then officially confirmed by the company about 48 hours later was not a coincidence, but highly likely involved an information leak.

Jonas Myrdal noted that before the information was formally disclosed, it had already been posted and continuously promoted on X by an anonymous account with about 200,000 followers. This was then followed by the company’s share price surging several times within a short period. He said this pattern of conduct is similar to a prior case involving “pump-and-dump” manipulation, in which three people were convicted of serious market manipulation crimes. He further suggested that Nasdaq should investigate this incident and assess whether there was any violation of the EU Market Abuse Regulation (MAR). At present, the source of the information leak is still under investigation.

Previously, “new IPO stock guru” Serenity posted on X, seemingly “placing order calls” for Sivers, and said that after further sorting through the content from Sivers Semiconductors’ latest earnings call, he was optimistic about its prospects. The company’s management said, “In a super cycle where demand far exceeds supply, seeing ecosystem partners as competitors is not the right approach,” reflecting strong demand in the photonics industry. In addition, over the past five months, the photonics business pipeline has grown rapidly, driving overall revenue pipeline growth of 77%. (Source: ODaily)