New IPOs This Week - This week, two new stocks are scheduled for subscription: Moer Thread (688795) and Baiaosaitu (688796) [1][3] - Moer Thread focuses on the research, design, and sales of GPUs and related products, being one of the few companies in China with full GPU development capabilities [1][4] - The subscription price for Moer Thread is set at 114.28 CNY per share, making it the most expensive new stock this year [1][4] - Baiaosaitu, established in 2009, is a preclinical CRO and biopharmaceutical company specializing in gene editing technology [6][7] Company Profiles - Moer Thread was founded in 2020 and has developed a proprietary MUSA architecture to create differentiated competitive advantages in the GPU market [5] - The company has launched four generations of GPU architectures and aims to provide computing acceleration platforms for AI, digital transformation, and scientific computing [4][5] - Baiaosaitu has completed approximately 5,300 gene editing projects and developed over 4,300 gene-edited models, focusing on various diseases [7] Market Position and Comparisons - Moer Thread's revenue scale is below the average of comparable companies, which have an average revenue of 2.887 billion CNY for 2024, while its gross profit margin is in the mid-to-high range compared to peers [5] - Baiaosaitu's revenue scale is also below the average of its comparable companies, which have an average revenue of 1.35 billion CNY for 2024, with a gross profit margin of 59.07% [7] Upcoming Listings - Hai'an Group (001233) is set to be listed this week, recognized as one of the few companies globally capable of mass-producing all-steel giant tires [8]
IPO周报｜114.28元/股！年内“最贵”新股周一申购