GPU龙头，发行价定了

Core Viewpoint - The article discusses the initial public offering (IPO) of Muxi Co., Ltd., a leading domestic GPU manufacturer, detailing the pricing and fundraising aspects of the offering [1]. Group 1: IPO Details - Muxi Co., Ltd. has set the IPO price at 104.66 yuan per share [1]. - The company plans to raise approximately 39 billion yuan through the IPO, with an expected total fundraising amount of 41.97 billion yuan based on the issuance of 40.1 million new shares [1]. - After deducting issuance costs of 298 million yuan (excluding VAT), the net fundraising amount is projected to be 38.99 billion yuan [1]. Group 2: Company Information - The full name of the issuer is Muxi Integrated Circuit (Shanghai), and it is listed under the stock code 688802 [2]. - The total number of shares after the issuance will be 40.1 million, with the new shares accounting for 10.02% of the total [2]. - The strategic placement of shares accounts for 18.97% of the total issuance [2]. Group 3: Subscription and Pricing Mechanism - The pricing mechanism for the issuance is based on offline preliminary inquiries, with no further bidding for offline subscriptions [2]. - The high-price exclusion ratio is set at 2.9945%, and the lowest value after excluding the highest bids is 111.3353 yuan per share [2]. - The expected price-to-earnings ratio based on the 2024 revenue is 56.35 times, while the static industry P/E ratio is 58.25 times [2].