Its ipo comes as beijing pushes domestic gpu makers despite u.s Moore threads technology co., a leading chinese artificial intelligence chipmaker, jumped 425% in its shanghai trading debut after raising 8 billion yuan ($1.13 billion), marking the biggest first. The initial public offering drew. A record‑setting ipo fueled by ai and geopolitics moore threads raised nearly 8 billion yuan in fresh capital by selling shares at 114.28 yuan apiece, making it the second‑largest onshore ipo in china this year, behind huadian new energy group’s roughly $2.7 billion listing in july [4] several features of the deal underline just how intense the hype has become around china’s homegrown.
OPEN
