Core Viewpoint - Muxi Co., Ltd. has successfully launched its IPO, becoming the second domestic GPU company to list on the A-share market after Moore Threads, with a final issuance price of 104.66 yuan per share, leading to a market valuation of approximately 41.87 billion yuan [1][3][9]. Group 1: IPO Details - The final issuance quantity after the call-back mechanism is 40.1 million shares, accounting for 10.02% of the total share capital post-issuance [4][13]. - The offline final issuance quantity is 22.83 million shares, representing 70.26% of the total issuance after deducting the strategic placement, while the online final issuance quantity is 9.67 million shares, accounting for 29.74% [1][10]. - The final online winning rate is 0.03348913% [1]. Group 2: Financial Metrics - The issuance price of 104.66 yuan per share corresponds to a 2024 diluted static price-to-sales ratio of 56.35 times, which is lower than the average level of comparable companies in the industry [3][12]. - The expected total fundraising amount is 4.197 billion yuan, which will be used for various GPU research and development projects [4][13]. Group 3: Company Performance and Market Position - Muxi Co., Ltd. is a leading enterprise in the domestic high-performance general-purpose GPU market, focusing on the independent development of high-performance GPU chips and computing platforms [6][15]. - The flagship product, the Xiyun C series GPU chip, has achieved domestic leadership in various performance metrics, with an estimated market share of about 1% in China's AI chip market for 2024 [7][16]. - The company has shown significant revenue growth, with a compound annual growth rate of 4074.52% from 2022 to 2024, and a revenue of 1.236 billion yuan for the first nine months of 2025, reflecting a year-on-year growth of 453.52% [9][18].
沐曦股份中签率出炉！继摩尔线程后又一国产GPU股将登陆，发行价104.66元/股，市值419亿元，最早2026年达盈亏平衡