摩尔线程中一签赚近27万！成年内最赚钱新股，参股公司曝光

Core Viewpoint - The successful IPO of Moore Threads, known as the "first domestic GPU stock," highlights the strong market demand for innovative technology companies in China, achieving a market capitalization of 305.5 billion yuan on its first trading day, marking it as the fourth largest chip stock on the STAR Market [1]. Group 1: IPO Performance - Moore Threads' stock opened at 650 yuan per share, a 468.78% increase from its issue price of 114.28 yuan, making it the most profitable new stock of the year [1][3]. - The company raised a net amount of 7.576 billion yuan, making it the largest fundraising IPO on the STAR Market for the year [4][5]. - The IPO process was notably swift, taking only 88 days from acceptance to approval, setting a record for the STAR Market [1]. Group 2: Market Demand and Subscription - The IPO attracted significant interest, with 4.8266 million investors participating in the online subscription, leading to an effective subscription of 46.217 billion shares and a low online winning rate of only 0.03635% [4][5]. - The offline market was equally competitive, with 267 institutions managing 7,555 subscription objects, resulting in a subscription multiple of 1,572 times [5]. - A diverse range of institutional investors, including 16 insurance asset management companies, participated in the subscription, indicating strong institutional support [5]. Group 3: Company Background and Financials - Founded in 2020, Moore Threads has a core R&D team comprising over 75% of its workforce, with its founder previously serving as a global vice president at NVIDIA [6]. - The company reported revenues of 0.046 billion yuan in 2022, with projections of 1.24 billion yuan and 4.38 billion yuan for 2023 and 2024, respectively, reflecting year-on-year growth rates of 169.01% and 253.65% [6]. - Despite revenue growth, the company has faced significant losses, totaling 5.939 billion yuan over the past three years, with expectations to achieve profitability by 2027 [6]. Group 4: Market Position and Valuation Concerns - Moore Threads operates in a niche market for domestic GPUs, with its products included in procurement lists for provincial intelligent computing centers [6]. - The company's IPO price corresponds to a projected 2024 price-to-sales ratio of 122.51, which is significantly higher than the average for comparable companies, raising concerns about potential overvaluation [6]. - The company has several direct and indirect shareholders, including notable firms like Heertai and Yingqu Technology, which may influence its market dynamics [7][8].