Core Viewpoint - Moer Technology is preparing for an IPO on the Sci-Tech Innovation Board, with plans to issue 70 million shares and raise 8 billion yuan for various AI and chip development projects [1][3]. Group 1: IPO Details - The public offering date is set for November 24, 2025, with an initial online issuance of 11.2 million shares and offline issuance of 44.8 million shares [1]. - The important dates for the IPO process include preliminary inquiry on November 19, 2025, and the issuance announcement on November 21, 2025 [2]. - The company has not yet achieved profitability as of the announcement date of the prospectus [2]. Group 2: Company Background and Use of Proceeds - Founded in 2020, Moer Technology focuses on developing full-featured GPUs for high-performance computing in AI, digital twins, and scientific calculations [3]. - The company has successfully launched four generations of GPU architectures and has expanded its product matrix to cover AI intelligent computing, cloud computing, and personal intelligent computing [3]. - The funds raised from the IPO will be allocated to the development of next-generation AI training and inference chips, graphics chips, and AI SoC chips, as well as to supplement working capital [3].