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Moore Threads (stock code: 688795) is a Chinese company focused on the design of full-featured GPU (graphics processing unit) chips. It was listed on the STAR Market of the Shanghai Stock Exchange on December 5, 2025, and is known as the “first domestic GPU stock.”
Listing Overview
Listing Performance: On its first day of trading, Moore Threads opened at 650 yuan per share, a 468.78% increase from its issue price of 114.28 yuan per share. The closing price was 600.50 yuan per share, up 425.46%, with a market capitalization of 282.252 billion yuan. The stock price peaked at 688 yuan per share on the first day, with a maximum profit of about 286,900 yuan per single lot (500 shares).
Fundraising: The company raised approximately 8 billion yuan in this IPO, setting a record for fundraising scale on the STAR Market in 2025. The offline subscription multiple reached as high as 1,572 times, demonstrating strong market enthusiasm.