国产GPU龙头，发行价确定

Core Viewpoint - Muxi Co., Ltd. is set to issue shares at a price of 104.66 yuan per share, aiming to raise approximately 39 billion yuan for its projects, with a total expected fundraising amount of 41.97 billion yuan after deducting issuance costs [1][2]. Company Basic Information - The full name of the issuer is Muxi Integrated Circuit (Shanghai), and it is listed under the stock code 688802 [2]. - The company specializes in high-performance general-purpose GPU products, focusing on the research, design, and sales of GPU chips and computing platforms for artificial intelligence training, inference, general computing, and graphics rendering [3]. Issuance Details - The total number of new shares to be issued is 4,010,000 shares, which represents 10.02% of the total share capital post-issuance [2]. - The expected net fundraising amount after deducting issuance costs is approximately 38.99 billion yuan [1]. - The issuance price is determined through offline inquiry and is not higher than the lowest value after excluding the highest bids [2][3]. Financial Metrics - The issuance price corresponds to a price-to-sales ratio of 56.35 times based on the projected revenue for 2024 [2]. - The industry price-to-earnings ratio is noted to be 58.25 times, indicating the company's valuation relative to its peers [2].