{"id":216235,"date":"2025-12-05T04:59:09","date_gmt":"2025-12-05T04:59:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/216235\/"},"modified":"2025-12-05T04:59:09","modified_gmt":"2025-12-05T04:59:09","slug":"moore-threads-shares-jump-fivefold-in-shanghai-trading-debut-in-rush-for-chinas-nvidia","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/216235\/","title":{"rendered":"Moore Threads shares jump fivefold in Shanghai trading debut in rush for \u2018China\u2019s Nvidia\u2019"},"content":{"rendered":"<p>Moore\u2019s shares began trading at 650 yuan amid a declining market, a 468 per cent jump from their <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/ipo?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">initial public offering<\/a> (IPO) price of 114.28 yuan. China\u2019s benchmark CSI300 Index slipped 0.1 per cent.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The surge in Moore reflects China\u2019s prioritisation of technology self-sufficiency in a critical five-year plan that outlined the nation\u2019s economic and social development goals through 2030. China is now engaged in a tit-for-tat competition with the US in the tech area from AI large-language models to sophisticated chips and robotics.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Moore raised 8 billion yuan (US$1.13 billion) in the second-largest IPO on the mainland this year. Proceeds from the IPO will finance its next-generation projects in AI and graphics chips and supplement working capital. The offering is only smaller than Huadian New Energy Group\u2019s US$2.7 billion IPO in July.<\/p>\n<p><img decoding=\"async\" alt=\"Moore Threads\u2019 MTT S400 GPUs. Photo: Handout\" data-qa=\"BaseImage-handleRenderImage-StyledImage\" class=\"e1gf69pb2 css-6ikqhs e445x7d0\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/12\/efe5fe6c-b987-40ee-9666-066d6b13c343_965cbcd9.jpg\" title=\"Moore Threads\u2019 MTT S400 GPUs. Photo: Handout\"\/>Moore Threads\u2019 MTT S400 GPUs. Photo: Handout<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Dubbed \u201cChina\u2019s Nvidia\u201d, Moore had a quick path to the capital market, getting the green light from the China Securities Regulatory Commission in October, a mere four months after its application, compared with the average processing time of about 470 days for last year\u2019s applicants on the Shanghai Stock Exchange Science and Technology Innovation Board (STAR Market).<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The company had significant backers. Liang Wenfeng, the founder of the large language model firm DeepSeek and the quantitative hedge fund HighFlyer, was listed as the top institutional investor, having invested 7 million yuan in Moore before its IPO, according to mainland media.<\/p>\n","protected":false},"excerpt":{"rendered":"Moore\u2019s shares began trading at 650 yuan amid a declining market, a 468 per cent jump from their&hellip;\n","protected":false},"author":2,"featured_media":216236,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[291,289,290,1793,381,117336,32128,117337,18,117339,19,11092,17,117338,2792,82,107],"class_list":{"0":"post-216235","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-beijing","12":"tag-china","13":"tag-chinas-stock-market","14":"tag-chips","15":"tag-csi300-index","16":"tag-eire","17":"tag-huadian-new-energy-group","18":"tag-ie","19":"tag-ipo","20":"tag-ireland","21":"tag-moore-threads-technology","22":"tag-shanghai","23":"tag-technology","24":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115665198738708445","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/216235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=216235"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/216235\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/216236"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=216235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=216235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=216235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}