发行价确定！摩尔线程战配名单出炉

Core Viewpoint - Moer Technology is set to go public on the Sci-Tech Innovation Board with an IPO date of November 24, 2023, at a price of 114.28 yuan per share, resulting in a projected market capitalization of approximately 53.715 billion yuan at listing [1][2]. Group 1: IPO Details - The IPO will involve the issuance of 70 million shares, with 11.2 million shares for online initial issuance, 44.8 million shares for offline initial issuance, and 14 million shares for initial strategic placement [2]. - The expected total fundraising amount is 8 billion yuan, with a net amount of approximately 7.576 billion yuan after deducting issuance costs [2]. - The funds raised will primarily be used for the development of next-generation AI training and inference chips, graphics chips, and AI SoC chips, as well as to supplement working capital [2]. Group 2: Subscription and Demand - The offline subscription saw an effective demand exceeding 1500 times, with 284 offline investors managing 7766 allocation objects, leading to a total effective subscription amount of 70.406 billion shares [2][3]. - The effective subscription multiple before strategic placement adjustment was 1571.56 times the initial offline issuance scale [3]. Group 3: Strategic Placement - The strategic placement list includes 10 investors, with total allocations accounting for 20% of the issuance, indicating strong interest from state-owned enterprises and local government capital [4]. - Notable participants in the strategic placement include China Telecom's wholly-owned Tianyi Capital and Beijing Electric Control Industry Investment Co., Ltd., which is backed by state capital [4]. Group 4: Financial Performance - Moer Technology has shown significant revenue growth, with projected revenues increasing from 46 million yuan in 2022 to 438 million yuan in 2024, reflecting a compound annual growth rate of 208.44% [5]. - Despite revenue growth, the company has not yet achieved profitability, with net losses of 1.894 billion yuan in 2022, 1.703 billion yuan in 2023, and 1.618 billion yuan in 2024, with a projected loss of approximately 271 million yuan in the first half of 2025 [5]. - The company anticipates the earliest potential for consolidated profitability by 2027 [5].