摩尔线程中签结果出炉
Sou Hu Cai Jing·2025-11-28 07:26

Core Viewpoint - The IPO of Moore Threads has attracted significant interest, with over 4.82 million retail investors participating, leading to a highly competitive subscription process. The company has set a new record for the highest IPO price on the STAR Market this year at 114.28 yuan per share, raising a total of 8 billion yuan, marking it as the largest IPO on the STAR Market in 2023 [4][5][12]. Subscription Details - Online investors subscribed for 16.77 million shares, amounting to 1.917 billion yuan, while offline investors subscribed for 39.2 million shares, totaling 4.48 billion yuan [1]. - The effective subscription rate reached 4,126.49 times, with only 33,600 lucky investors winning the right to subscribe for shares, resulting in a very low winning rate of 0.03635054% [4][5]. - A total of 29,302 shares were abandoned by retail investors during the payment phase, while all institutional investors successfully completed their subscriptions [1][4]. Institutional Interest - Moore Threads attracted 10 strategic placement entities, raising a total of 1.59992 billion yuan, with the largest investment coming from the China Insurance Investment Fund at 499.9 million yuan [8]. - The offline subscription was highly competitive, with 267 institutional investors submitting valid bids, resulting in a total effective subscription of 70.406 billion shares and an offline subscription multiple of 1,572 times [8]. Company Background - Moore Threads, founded in October 2020, is recognized as a representative of domestic AI chip companies, having developed the MUSA architecture that supports various computing tasks [12][13]. - The company has raised over 10 billion yuan in funding through multiple rounds, achieving a valuation of approximately 30 billion yuan after its Pre-IPO round in late 2024, which is an 80% increase compared to its IPO valuation of 53.7 billion yuan [13]. - As of October 2024, Moore Threads holds 425 authorized patents, ranking among the top GPU companies in China in terms of patent quantity [13].