A股年内首只百元新股迎申购，“肉签”定律遭遇高价考验

Core Viewpoint - The IPO of Moer Thread, known as the "first GPU stock," has attracted significant market attention with an issuance price of 114.28 yuan per share, setting a record for the highest IPO price in the A-share market this year [1][2] Group 1: IPO Details - Moer Thread's IPO aims to raise approximately 8 billion yuan, primarily for the development of next-generation AI training and inference chips and graphics chips, as well as to supplement working capital [2][6] - The company has a market capitalization of about 53.715 billion yuan at the time of listing, with an estimated investment of around 57,100 yuan required for one subscription [2][3] - The initial inquiry phase saw 267 institutional investors submit valid bids, resulting in a total effective subscription amount of 70.406 billion shares, indicating a subscription multiple of approximately 1571.56 times [2][3] Group 2: Market Performance and Expectations - The average first-day increase for the 96 new stocks listed this year is 254.68%, with nearly 60% of them seeing gains exceeding 200% [1][4] - Moer Thread's issuance price positions it among high-priced new stocks, which historically have lower first-day performance compared to lower-priced stocks [5][6] - Despite the high issuance price, Moer Thread is expected to perform well due to its unique position as a domestic GPU leader and the current market sentiment favoring hard technology stocks [6] Group 3: Financial Projections - Moer Thread's projected revenues for 2022 to 2024 are 46 million yuan, 124 million yuan, and 438 million yuan, respectively, with a rapid growth trajectory anticipated [6] - The company has not yet achieved profitability, but its technological advancements and strategic positioning in the domestic GPU market are viewed positively by investors [6]