China's domestic GPU "Four Little Dragons" to unite in capital markets as Suyuan Tech opens IPO subscription on September 2

ME News report: On August 30 (UTC+8), according to the A-share issuance schedule, three new stocks will be available for subscription next week: Baimaoke, a new stock on the Beijing Stock Exchange, can be subscribed on August 31; Suanyuan Technology, a new stock on the Shanghai Stock Exchange’s STAR Market, can be subscribed on September 2; and Xinnuowei, another new stock on the Shanghai Stock Exchange’s STAR Market, can be subscribed on September 3. Suanyuan Technology, along with Moore Threads, Muxi Semiconductor, and Birun Technology, is collectively known as one of China’s “Four Little Dragons” of domestic GPU development—Suanyuan Technology is currently the only one among them yet to go public. With Suanyuan Technology’s listing, all four of China’s domestic GPU “Little Dragons” will be united on the capital market. Previously, Moore Threads, Muxi Semiconductor, and Birun Technology posted closing gains of 425.46%, 692.95%, and 75.82%, respectively, on their first trading days. According to Suanyuan Technology’s prospectus, it plans to issue 43.035173 million shares, representing 10% of the total post-offering share capital, which will amount to approximately 430 million shares. The IPO aims to raise RMB 6 billion, primarily to fund research and industrialization of its fifth- and sixth-generation AI chip series, as well as advanced AI hardware-software collaborative innovation projects, further strengthening China’s autonomous development of computing infrastructure. (Source: BlockBeats)