国产GPU第二股17日上市,中一签或赚25万
Nan Fang Du Shi Bao·2025-12-17 00:09

Core Viewpoint - Muxi Co., Ltd., the second domestic GPU company, is set to debut on the STAR Market, entering the growth tier due to its unprofitability at the time of listing [1]. Group 1: IPO Details - Muxi's IPO price is set at 104.66 CNY per share, corresponding to a market capitalization of approximately 41.874 billion CNY and a price-to-sales ratio of 56.35 times [3]. - The company plans to raise funds primarily for projects related to high-performance general-purpose GPU development, AI inference GPU development, and GPU technology research for emerging applications [3]. - Muxi will issue 40.1 million shares, accounting for 10.02% of the total share capital post-issue, with a net fundraising amount expected to be 3.899 billion CNY, slightly below the initial target of 3.904 billion CNY [3]. Group 2: Market Performance Expectations - If market sentiment mirrors the first-day performance of Moer Thread, which saw an opening increase of approximately 468.78% (closing up 425.46%), Muxi's stock price could reach around 595 CNY, potentially yielding a profit of nearly 250,000 CNY for investors holding one lot (500 shares) [3]. - Based on the average first-day increase of 218.92% for the 14 new stocks listed this year, Muxi's stock price could reach approximately 333.78 CNY, resulting in a profit of about 114,600 CNY for one lot [3]. Group 3: Comparison with Moer Thread - Muxi's price-to-sales ratio is only half that of Moer Thread, which had a ratio of 122.51 times at its IPO [4]. - Muxi's initial subscription rate was 0.02223023%, which increased to 0.03348913% after the allocation mechanism was activated, indicating a higher difficulty in obtaining shares compared to Moer Thread's final rate of 0.03635054% [5]. Group 4: Company Background - Founded in September 2020, Muxi's team primarily consists of former AMD employees, including CEO Chen Weiliang, who was the global GPU SoC design head at AMD, and other key figures with significant experience in GPU technology [5].