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 and a total fundraising amount of approximately 4.197 billion yuan [1][3][7]. Group 1: IPO Details - The final issuance quantity for offline subscriptions was 22,829,081 shares, accounting for 70.26% of the total issuance after deducting the strategic placement portion, while the online issuance quantity was 9,665,500 shares, making up 29.74% [1]. - The preliminary online subscription success rate was 0.02223023%, which increased to 0.03348913% after the call-back mechanism was activated [1]. - The total number of shares issued in this round was 40,100,000, representing 10.02% of the company's total share capital post-issuance [3]. Group 2: Strategic Placement and Investors - Notable investors participating in the strategic placement include the National Artificial Intelligence Industry Investment Fund, Tianyi Capital (China Telecom), and subsidiaries of JD.com and Meituan, among others [3][4]. - The strategic placement results indicate that a total of 760,541.9 thousand shares were allocated, representing 18.97% of the total issuance [4]. Group 3: Company Performance and Projections - Muxi Co., Ltd. reported revenues of 426,400 yuan in 2022, projected to grow to 530.212 million yuan in 2023 and 743 million yuan in 2024, reflecting a compound annual growth rate of 4074.52% over three years [7]. - For the first nine months of 2025, the company achieved a revenue of 1.236 billion yuan, marking a year-on-year growth of 453.52% [7]. - The company anticipates reaching breakeven by 2026 based on forward-looking estimates [7]. Group 4: Market Context - Muxi's IPO is notable as it is the second-highest issuance price for a new stock this year, following Moore Threads, which saw a significant price surge of 468% on its opening day [7][8]. - If Muxi's stock performs similarly to Moore Threads, investors could see substantial profits, with potential earnings exceeding 200,000 yuan per subscription [8].
比摩尔线程还难抢，又一国产GPU股将登陆！中签率最新出炉，发行价104.66元/股