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Chinese GPU Makers Surge: Moore Threads IPO Oversubscribed 4,000x

12/4/2025

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Story summary

Moore Threads, a Chinese GPU maker, raised 8 billion yuan in its IPO and was 4,000 times oversubscribed for a Shanghai Star Market listing.
Its share price was 114.28 yuan, the highest for A-share listings this year.
MetaX, a Chinese GPU maker, plans to raise 4.2 billion yuan with an IPO priced at 104.66 yuan.
Both aim to offer Nvidia GPU alternatives amid ongoing talks about Nvidia's sales to China.

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Story summary

Moore Threads, a Chinese GPU maker, raised 8 billion yuan in its IPO and was 4,000 times oversubscribed for a Shanghai Star Market listing.
Its share price was 114.28 yuan, the highest for A-share listings this year.
MetaX, a Chinese GPU maker, plans to raise 4.2 billion yuan with an IPO priced at 104.66 yuan.
Both aim to offer Nvidia GPU alternatives amid ongoing talks about Nvidia's sales to China.