Core Points - Muxi Integrated Circuit (Shanghai) Co., Ltd. was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, opening at 700.00 CNY and closing at 829.90 CNY, with a total market capitalization of 332.04 billion CNY [1] - The company focuses on the research, design, and sales of high-performance GPU chips and computing platforms, primarily for artificial intelligence training, inference, general computing, and graphics rendering [1] Shareholding Structure - Shanghai Jiaomai Enterprise Consulting Partnership holds 13.30% of the company's shares, making it the largest shareholder, while the actual controller, Chen Weiliang, collectively controls 22.94% of the shares [2] - Chen Weiliang has the nomination rights for more than half of the board members, excluding independent directors, indicating significant control over the company [2] IPO Details - Muxi's IPO involved the issuance of 40.10 million shares, accounting for 10.02% of the total share capital post-issuance, at a price of 104.66 CNY per share [2] - The total funds raised from the IPO amounted to 419.69 million CNY, with a net amount of 389.93 million CNY after deducting issuance costs [3][4] Fund Allocation - The raised funds will be allocated to several projects, including the development and industrialization of new high-performance general-purpose GPUs and AI inference GPUs, totaling 500.92 million CNY [4][6] - Specific allocations include 245.92 million CNY for new high-performance general-purpose GPU projects and 45.31 million CNY for new AI inference GPU projects [6]

Group 1 - The core viewpoint of the article is the upcoming listing of Muxi Co., Ltd. on the Shanghai Stock Exchange's Sci-Tech Innovation Board, marking it as the second domestic GPU company following Moore Threads [1] - Muxi Co., Ltd. will be listed on December 17, with an issuance price of 104.66 yuan per share, resulting in a post-issuance market capitalization of 41.874 billion yuan [1] - The company has not yet achieved profitability and will be classified under the Sci-Tech Growth Tier upon listing, as per the relevant regulatory guidelines [1] Group 2 - Muxi Co., Ltd. focuses on the independent research and development of high-performance GPU chips and computing platforms [1] - The main business activities include the research, design, and sales of full-stack GPU products applicable to artificial intelligence training and inference, as well as general computing and graphics rendering [1] - The company also provides supporting software stacks and computing platforms around its GPU chips [1]