Core Viewpoint - Moore Threads is set to debut on the STAR Market on December 5, with an issue price of 114.28 yuan per share, marking the highest price for a new stock in A-shares in the past year [1] Group 1: IPO Details - The company will issue 70 million new shares, with no existing shares being transferred, resulting in a total share capital of 470 million shares post-IPO [1] - The total market capitalization at the time of listing is expected to reach 53.7 billion yuan, and the net fundraising amount after deducting issuance costs is projected to be 7.576 billion yuan, making it the highest fundraising amount for a STAR Market IPO this year [1] Group 2: Market Performance and Potential Returns - As the most expensive new stock of the year, the potential returns from subscribing to Moore Threads have garnered significant market attention [2] - Historical data shows that 12 new stocks have been listed on the STAR Market this year, with first-day performances generally strong, with price increases ranging from 143.96% to 571.3%, averaging a 270.39% increase [2] - If Moore Threads achieves the average first-day increase, its highest price could reach 422.84 yuan per share, resulting in a profit exceeding 150,000 yuan for investors who subscribe to one lot [2] Group 3: Financial Performance - The company has experienced rapid growth in recent years, but has also faced significant losses due to high initial investments [2] - Revenue figures show an increase from 0.46 million yuan in 2022 to projected revenues of 1.24 million yuan in 2023 and 4.38 million yuan in 2024, representing year-on-year growth rates of 169.01% and 253.65% respectively [2] - For the first three quarters of 2025, the company reported revenue of 7.85 million yuan, reflecting a year-on-year growth of 181.99% [2] - However, net profit figures indicate continued losses, with cumulative losses of 5.939 billion yuan over the past three years and nine months, with expectations to achieve profitability by 2027 [3]
摩尔线程12月5日上市 中一签最高或赚超15万元