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投资界·2026-01-04 08:15

Core Viewpoint - The article highlights the unprecedented IPO wave among GPU companies in Shanghai, with three major players—Biran Technology, Moosic, and Suiruan Technology—successfully entering the capital market, marking a significant milestone for the domestic GPU industry [2][4]. Group 1: IPO Developments - Biran Technology became the first GPU company to go public in Hong Kong on January 2, 2023, with its market value reaching over 100 billion HKD at one point, and it recorded an opening surge of over 80% [4]. - Moosic Technology successfully listed on the STAR Market in December 2022, with an IPO price of 104.66 CNY per share, raising a total of 4.186 billion CNY and achieving a first-day increase of 692.95%, peaking at a market value of 350 billion CNY [4]. - Suiruan Technology is expected to submit its IPO application for the STAR Market soon, with a valuation exceeding 20 billion CNY according to the 2025 Hurun Global Unicorn List [4][5]. Group 2: Shanghai's GPU Ecosystem - The article notes that a significant number of GPU companies are based in Shanghai, with over ten firms either listed or in the IPO process, indicating a strong local presence in the GPU sector [5]. - Other notable GPU companies in Shanghai include Hanbo Semiconductor and Tian Shu Zhixin, both of which are also progressing towards IPOs [5]. - The article emphasizes that the Shanghai government and local investment funds have played a crucial role in supporting these companies, with Shanghai Guotou's AI industry fund being a key investor in Biran Technology and Suiruan Technology [6][7]. Group 3: Shanghai's Industrial Advantages - Shanghai boasts the most comprehensive integrated circuit industry chain in China, with the industry scale expected to exceed 390 billion CNY by 2024, accounting for approximately 25% of the national market [8]. - The city has established a 100 billion CNY industrial investment fund focused on three leading sectors: integrated circuits, biomedicine, and artificial intelligence, which has further fueled the growth of the GPU industry [8]. - The intersection of artificial intelligence and integrated circuits, particularly in computing chips, is highlighted as a key focus area for Shanghai's industrial development [8]. Group 4: Broader Industry Landscape - The article mentions that Shanghai is home to several leading companies in various high-tech sectors, including robotics, AI large models, and nuclear fusion, showcasing the city's diverse technological ecosystem [9][10]. - Notable companies in the robotics field include Zhiyuan, Fourier, and Kepler, while AI unicorns such as MiniMax and Jiyue Xingchen are also based in Shanghai [9]. - The presence of significant investments and innovations in nuclear fusion technology further illustrates Shanghai's ambition to be a leader in advanced technology sectors [9].