估值超210亿元 明星股东“云集”！知名芯片公司冲刺IPO上会 多家A股回应持股！

Core Viewpoint - A well-known semiconductor company, Muxi Integrated Circuit (Shanghai) Co., Ltd., is set to undergo an IPO review by the Shanghai Stock Exchange on October 24, 2025, marking a significant step in its public offering process [1]. Company Overview - Muxi Integrated Circuit was established in September 2020 in Shanghai and has set up wholly-owned subsidiaries and R&D centers in several cities including Beijing, Nanjing, Chengdu, Hangzhou, Shenzhen, Wuhan, and Changsha [3]. - The core team of the company possesses nearly 20 years of end-to-end R&D experience in high-performance GPU products [3]. - The company focuses on providing full-stack GPU chips and solutions for heterogeneous computing, applicable in advanced fields such as intelligent computing, smart cities, cloud computing, autonomous driving, digital twins, and the metaverse [3]. Financial Information - According to the company's prospectus, the latest external equity financing corresponds to a post-investment valuation of 21.071 billion yuan [4]. - Muxi Integrated Circuit plans to issue no more than 40.1 million A-shares, aiming to raise 3.904 billion yuan. Of this, 2.459 billion yuan will be allocated for the R&D and industrialization of new high-performance general-purpose GPUs, 453 million yuan for the R&D and industrialization of next-generation AI inference GPUs, and 991 million yuan for R&D projects targeting advanced fields and emerging application scenarios [4]. - In 2024, the company's revenue is projected to be 743 million yuan, with a loss of 1.409 billion yuan. The primary revenue source is the sales of the Xiyun C500 series training and inference integrated chips [4]. Shareholder Information - As of the signing date of the prospectus, the founder Chen Weiliang controls 22.94% of the voting rights, making him the actual controller of the company [4]. - The shareholder list includes prominent investors such as private equity mogul Ge Weidong and his Chaos Investment, as well as Jingwei Venture Capital, Helix Capital, and Sequoia Capital [4]. Indirect Shareholders - Some listed companies are indirect shareholders of Muxi Integrated Circuit. For instance, Light Media holds shares through Anhui Technology, although the stake is minimal and will not significantly impact its operating performance [5]. - Zhongshan Public Utilities has made early investments in Muxi Integrated Circuit through a new energy fund, anticipating positive impacts from the IPO [6]. - Other companies like Runtong Co., Ltd. and Youfa Group have also reported indirect investments in Muxi Integrated Circuit, with varying ownership percentages [6].