摩尔线程即将打新，发行价确定

Core Viewpoint - Moer Technology announced its initial public offering (IPO) and listing on the Sci-Tech Innovation Board, aiming to raise approximately 8 billion yuan with a share price of 114.28 yuan per share [1] Group 1: Company Overview - The full name of the issuer is Moer Technology Intelligent Technology (Beijing) Co., Ltd. with the stock code 688795 [2] - The total number of shares after the issuance will be approximately 470 million shares, with the new shares accounting for 14.89% of the total [2] Group 2: Issuance Details - The issuance will consist of 70 million shares, all of which are new shares offered to the public [1][2] - The expected total fundraising amount is 8 billion yuan, with a net amount of approximately 7.576 billion yuan after deducting issuance costs [1] - The pricing method involves a preliminary inquiry for offline pricing, with the final price set at 114.28 yuan per share [2] Group 3: Financial Metrics - The issuance price corresponds to a price-to-earnings (P/E) ratio of 122.51 based on the projected net profit for 2024 [2] - The industry P/E ratio is noted to be 60.12, indicating that the issuance price is significantly higher than the industry average [2] Group 4: Subscription Information - The maximum subscription amount for offline investors is set at 2.2 million shares, while the minimum for online investors is 500 shares [3] - The important dates for the issuance include the subscription date on November 24, 2025, and the payment deadline on November 26, 2025 [3]