Overview
- Retail subscriptions exceeded available shares by 4,126 times, with a lottery-style process yielding a 0.036% allotment rate.
- The offering raises about 8 billion yuan and values Moore Threads at 53.7 billion yuan, with the debut date yet to be set.
- Company filings say the proceeds will fund research and development for next-generation GPU technologies.
- Founded in 2020 by former Nvidia executive James Zhang, the firm counts Tencent and ByteDance among its backers.
- Technical reporting notes Moore Threads remains primarily a consumer and workstation GPU supplier with mixed benchmarks and no publicly demonstrated, production-grade AI data-center platform.