12月27日，沐曦集成电路（上海）股份有限公司（以下简称沐曦股份）今日在科创板上市，发行价104.66元/股，发行4010万股，募资总额为41.86亿元。沐 曦开盘价为700元，较发行价上涨568.8%；截至12月17日上午10:21分，市值已超3139亿元（784元/股），且还在上涨。 沐曦科技上市，让一堆投资机构一夜暴富。比如经纬创投、联想创投等。以A轮投资机构Monolith为例，其A轮投了之后2025年初又追加了投资，上市前联 合其LP总计持有沐曦科技2%左右的股份。 | 今开 | 700.00 | | 最高 | 785.00 | | | 成交量 | 10.86万 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 昨收 | 104.66 | | 最低 | 650.00 | | | 成交额 | 75.55 | | 换手率 | 59.87% | | 市盈(TTM) | 亏损 | | | 总市值 | 3135 | | 分时 | 五日 | 日K | 周K | 月K | | 季K | 年K | 更多v | | 784.66 | | | | | ...

《科创板日报》12月15日讯（记者 陈俊清） 作为继摩尔线程上市后的第二位国产GPU重量级选手，沐 曦股份将于12月17日登陆科创板。 今日（12月15日）夜间，沐曦股份公告，公司股票将于2025年12月17日在上海证券交易所科创板上市， 由于沐曦股份尚未盈利，自上市之日起将纳入科创成长层。 沐曦股份的科创板IPO申请于6月30日获得受理，从交易所受理到正式在科创板上市，历时共170天，进 展迅速。此次IPO，该公司共发行4010万股，发行价定为104.66元/股，总募资规模约41.97亿元，所募资 金将重点投向"新型高性能通用GPU研发及产业化项目""新一代人工智能推理GPU研发及产业化项目"等 核心领域。 值得注意的是，沐曦股份104.66元/股的发行价仅次于摩尔线程114.28元/股，为今年发行价第二高的新 股。 回顾其此次发行进程，据披露，共有269家网下投资者、7719个战略配售对象参与申购，网下有效申购 总量高达571.69亿股；扣除802万股初始战略配售股份后，仅2282.91万股用于网下初步配售，整体配售 比例低至0.03993%。 相较于摩尔线程，沐曦股份的筹码更加"难抢"，沐曦股份此前发布 ...

Group 1 - The core point of the news is the successful IPO of Moore Threads, marking it as the largest IPO on the STAR Market in 2024 and the fastest approval since 2022, taking only 88 days from acceptance to approval [1] - Moore Threads has successfully mass-produced five chips and developed four generations of GPU architecture and intelligent SoC products, creating a comprehensive product matrix that supports AI, scientific computing, and graphics rendering [1] - The company is one of the few domestic GPU manufacturers capable of providing full computational precision support from FP8 to FP64 and is the first domestic GPU company to launch a DirectX12 graphics acceleration engine [1] Group 2 - Muxi Co., Ltd. has initiated its IPO process on the STAR Market, with its application accepted on June 30, 2025, and approved by the listing committee on October 24 [2] - The company is developing a full-stack GPU product line, including the Xisi® N series for intelligent computing inference, the Xiyun® C series for general computing, and the Xicai® G series for graphics rendering, aimed at meeting high efficiency and versatility in computing power [2] - Muxi plans to raise 3.904 billion yuan for projects related to new high-performance general-purpose GPU development and industrialization, as well as AI inference GPU development [2]

Company Overview - Muxi Co., Ltd. has completed its IPO counseling status, moving forward in its listing process [1] - The company was established in September 2020 in Shanghai and has subsidiaries and R&D centers in multiple cities [1] - Muxi's core team has an average of nearly 20 years of experience in high-performance GPU product development [1] Product and Technology - Muxi focuses on providing full-stack GPU chips and solutions for heterogeneous computing, applicable in various advanced fields such as smart computing, smart cities, cloud computing, autonomous driving, digital twins, and the metaverse [1] - The company has developed a range of GPU products, including the Xisi® N series for smart computing inference, Xiyun® C series for general computing, and Xicai® G series for graphics rendering, emphasizing high efficiency and versatility [1][2] - Muxi's products utilize fully self-developed core GPU IP, distinguishing it from many domestic GPU manufacturers that rely on licensed IP [2] Financing and Ownership - Muxi has completed eight rounds of financing since its establishment, raising several billion yuan from various investors, including state-owned capital and venture capital firms [2] - The largest shareholder of Muxi is Shanghai Jiaomai Enterprise Consulting Partnership, holding a 22.83% stake [2] Industry Context - The domestic AI chip market includes major players such as Huawei HiSilicon, Cambricon, and Muxi, among others [2] - The Chinese accelerated server market is projected to reach $22.1 billion in 2024, with GPU servers holding a 69% market share [3] - The market for accelerated chips in China is expected to grow rapidly, with over 2.7 million units projected for 2024 [3] Competitive Landscape - Nvidia remains the dominant player in the AI chip and server market, with its CUDA ecosystem considered a significant competitive advantage [4] - Domestic AI chips currently achieve about 60% of the performance of foreign counterparts, but improvements in software ecosystems could enhance customer satisfaction [5] - The development of a Chinese equivalent to CUDA is seen as crucial for capturing the AI computing market [5] Future Outlook - The domestic AI chip industry has significant growth potential due to the rapid development of AI, big data, and cloud computing technologies, along with increasing government support for the semiconductor industry [6] - IDC predicts that by 2029, the Chinese accelerated server market will exceed $100 billion, with non-GPU server market size approaching $50 billion [6]

Core Viewpoint - The article highlights the successful completion of the IPO counseling for Muxi Integrated Circuit (Shanghai) Co., Ltd., marking a significant step for a domestic GPU company aiming for listing on the STAR Market in China [1][4]. Company Overview - Muxi Integrated Circuit was established in September 2020 in Shanghai and has set up wholly-owned subsidiaries and R&D centers in multiple cities including Beijing, Nanjing, Chengdu, Hangzhou, Shenzhen, Wuhan, and Changsha [5]. - The company boasts a team with extensive experience in high-performance GPU product development, with core members averaging nearly 20 years in the field [5]. Product Development - Muxi has developed a full-stack GPU chip product line, including the Xisi® N series for intelligent computing inference, Xiyun® C series for general computing, and Xicai® G series for graphics rendering, all designed to meet high efficiency and versatility in computing power [6]. - The products utilize fully self-developed core GPU IP and possess independent intellectual property rights, ensuring compatibility with mainstream GPU ecosystems [6]. Financial and Investment Aspects - Muxi has undergone significant financing rounds since its inception, with the latest round completed in August 2024, involving state-owned and market enterprise investors [6]. - The company is valued at approximately 10 billion yuan, positioning it among other notable AI chip companies in the market [10]. Market Context - Several listed companies are actively exploring opportunities in the domestic GPU sector, with firms like Tailin Micro and Chaoxun Communication expressing interest in collaborating with Muxi and other emerging AI computing companies [7]. - The competitive landscape includes other AI chip companies like Suiruan Technology and Biran Technology, which have also initiated their IPO processes [10].

Group 1 - Muxi Integrated Circuit (Shanghai) Co., Ltd. has completed its listing guidance, with Huatai United as the advisory institution [2] - Moore Threads has also completed its listing guidance, with CITIC Securities as the advisory institution [3] - Both companies are preparing to submit their prospectuses for an A-share listing [4] Group 2 - Moore Threads focuses on the research and design of full-featured GPU chips and related products, supporting AI computing acceleration, 3D graphics rendering, ultra-high-definition video encoding and decoding, physical simulation, and scientific computing [4] - The company aims to meet the growing demand for large model training and inference, facilitating the application of large models, AIGC, scientific computing, digital twins, physical simulation, and the metaverse across various industries [4] - The founder and CEO of Moore Threads, Zhang Jianzhong, controls 44.07% of the company and emphasizes the vast computational power needed for future AI applications beyond just large language models [4][6] Group 3 - Muxi, established in September 2020 in Shanghai, has set up wholly-owned subsidiaries and R&D centers in several cities including Beijing, Nanjing, Chengdu, Hangzhou, Shenzhen, Wuhan, and Changsha [5] - Muxi is dedicated to providing full-stack GPU chips and solutions for heterogeneous computing, applicable in intelligent computing, smart cities, cloud computing, autonomous driving, digital twins, and the metaverse [5] - The company has launched various GPU product lines, including the Xisi® N series for intelligent computing inference, the Xiyun® C series for general computing, and the Xicai® G series for graphics rendering, focusing on high efficiency and versatility [5]

Core Viewpoint - The article discusses the successful completion of the IPO guidance for Mu Xi Integrated Circuit (Shanghai) Co., Ltd., highlighting its readiness for public listing and its strong governance structure, technology capabilities, and market positioning in the GPU sector [1][2]. Group 1: Company Overview - Mu Xi Integrated was established in September 2020 in Shanghai and has set up subsidiaries and R&D centers in multiple cities including Beijing, Nanjing, Chengdu, Hangzhou, Shenzhen, Wuhan, and Changsha [1]. - The company boasts a team with extensive experience in high-performance GPU product development, with core members averaging nearly 20 years of experience in the field [1]. Group 2: Product Offerings - Mu Xi Integrated has developed a full-stack GPU product line, including the Xi Si® N series for intelligent computing inference, the Xi Yun® C series for general computing, and the Xi Cai® G series for graphics rendering, all designed to meet high efficiency and versatility in computing power [2]. - The products utilize fully self-developed GPU IP and possess independent intellectual property rights for their instruction set and architecture, complemented by a complete software stack compatible with mainstream GPU ecosystems [2]. Group 3: Financial and Market Position - The company has undergone significant financing since its inception, with the latest round completed in August 2024, involving state-owned and market enterprise investors [2]. - According to the Hurun Research Institute's 2024 Global Unicorn List, Mu Xi Integrated is valued at 10 billion yuan, positioning it among other notable chip unicorns [2]. Group 4: Ownership Structure - The actual controller of Mu Xi Integrated is Chen Weiliang, who directly holds approximately 9.6% of the company's shares and has indirect control over an additional 39.38% through various partnerships [3].

Group 1 - The core viewpoint of the news is that Muxi Integrated Circuit (Shanghai) Co., Ltd. has completed its initial public offering (IPO) guidance work, indicating its readiness for listing and compliance with regulatory requirements [1] - Muxi Integrated has established a comprehensive governance structure, accounting practices, and internal control systems, demonstrating a strong understanding of the capital market and legal obligations [1] - The company was founded in September 2020 in Shanghai and has established subsidiaries and R&D centers in multiple cities, with a team experienced in high-performance GPU product development [1] Group 2 - Muxi Integrated is developing a full-stack GPU chip product line, including the Xisi® N series for intelligent computing inference, the Xiyun® C series for general computing, and the Xicai® G series for graphics rendering, all designed to meet high efficiency and versatility requirements [2] - The company has undergone significant financing since its establishment, with the latest round completed in August 2024, involving various state-owned and market enterprise investors [2] - According to Hurun Research Institute's 2024 Global Unicorn List, Muxi Integrated is valued at 10 billion yuan, positioning it among other chip unicorns with varying valuations [2] Group 3 - The actual controller of Muxi Integrated is Chen Weiliang, who directly holds approximately 9.6% of the company's shares and has indirect control over an additional 39.38% through partnerships [3]

一周IPO动态，覆盖港股、美股、A股。 本文为IPO早知道原创 作者｜C叔 微信公众号｜ipozaozhidao 奥克斯 港股｜递交招股书 据IPO早知道消息，奥克斯电气有限公司（以下简称"奥克斯"）于2025年1月15日正式向港交所递 交招股说明书，拟主板挂牌上市，中金公司担任独家保荐人。 另根据弗若斯特沙利文的资料，按2023年销量计算，奥克斯是中国大众市场家用空调第一品牌。奥 克斯认为，在乡村振兴政策、城镇化进程带来的下沉市场增量需求以及消费者对产品性价比愈加关注 等因素的推动下，大众市场已经成为中国空调行业增长的重要引擎。为此，奥克斯依靠广泛的销售覆 盖面和高性价比的产品，持续扩大市场份额和品牌影响力。 同 时 ， 奥 克 斯 还 采 取 多 品 牌 战 略 —— 以 " 奥 克 斯 AUX" 主 品 牌 布 局 海 内 外 市 场 ， 并 孵 化 了 " 华 蒜"和"AUFIT" 品牌，同时计划推出高端品牌，以实现全球更广泛的消费者覆盖。在产品类别上， 奥克斯的产品矩阵以家用空调和中央空调为主，围绕节能、舒适、健康、智能四大方向深耕，覆盖家 庭住宅、办公楼宇、商场、酒店、医院、工业产业园等应用场景。 ...

致力于为异构计算提供全栈GPU芯片及解决方案。 本文为IPO早知道原创 作者｜Stone Jin 微信公众号｜ipozaozhidao 据IPO早知道消息，沐曦集成电路（上海）股份有限公司（以下简称"沐曦"）于2025年1月12日同 华泰联合证券签署辅导协议，正式启动A股IPO进程。 这意味着， 沐曦成为继 燧原科技 、 壁仞科技 和摩尔线程后，不到半年内第四家启动 A 股上市进 程的"芯片独角兽" ——2024年8月23日、9月10日和11月6日，燧原科技、壁仞科技和摩尔线程相 继与中金公司、国泰君安证券和中信证券签署A股辅导协议。 成立于2 020 年的 沐曦致力于为异构计算提供全栈GPU芯片及解决方案，可广泛应用于智算、智慧 城市、云计算、自动驾驶、数字孪生、元宇宙等前沿领域，为数字经济发展提供算力支撑 ；其团队 拥有丰富的设计和产业化经验，核心成员平均拥有近20年高性能GPU产品端到端研发经验，曾主导 过十多款世界主流高性能GPU产品研发及量产，包括GPU架构定义、GPU IP设计、GPU SoC设计 及GPU系统解决方案的量产交付全流程。 截至目前， 沐曦打造 的 全栈GPU芯片产品 涵盖 用于智算 ...