Overview
- Shares opened at 650 yuan versus the 114.28 yuan offer price on the Shanghai STAR Market.
- The stock jumped more than 400% at the open and briefly pushed market value above 300 billion yuan around 9:25 a.m.
- Roughly 29.38 million shares, or 6.25% of the company’s equity, were freely tradable at listing.
- After the initial spike, the price hovered near 612.85 yuan, implying a market value of about 288.06 billion yuan at the time of reporting.
- The company, widely described as China’s first pure-play GPU listing, sells homegrown GPUs for AI, digital twins, and scientific computing, including consumer cards like the MTT S80 and MTT S70.