Citing TechFlow, Moore Threads, dubbed 'China's Nvidia,' surged 416% on its科创板 debut on December 5, with an opening price of 650 yuan per share, far above its 114.28 yuan IPO price. The stock reached a peak of 688 yuan, giving early investor Peixian Qianyao a 6,262x return on initial investment. The IPO attracted 267 institutional bidders and raised about 8 billion yuan, making it the largest科创板 listing this year. Despite ongoing losses, the company commands a 122x price-to-sales ratio, reflecting high expectations for its MUSA architecture-based full-featured GPUs and future growth.
Moore Threads Surges 416% on Listing, Early Investor Sees 6,262x Return
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