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Moore Threads IPO Skyrockets, Delivering Millions
9 Dec
Summary
- Moore Threads shares surged over fivefold in Shanghai debut.
- High-Flyer Quantitative Fund netted nearly 40 million yuan.
- Moore Threads raised 8 billion yuan in its IPO.
The recent initial public offering of chip designer Moore Threads Technology on the Shanghai stock exchange resulted in a dramatic fivefold surge in its share price during its trading debut. This impressive performance has yielded significant returns for early investors.
Among the beneficiaries is High-Flyer Quantitative Fund, co-founded by DeepSeek CEO Liang Wenfeng. The fund's investment in Moore Threads shares has resulted in a profit nearing 40 million yuan. Moore Threads successfully raised about 8 billion yuan through its IPO, which stands as the second-largest listing on the mainland this year.
The company's rapid path to the market and strong investor interest underscore China's strategic focus on achieving technological self-sufficiency, a key component of its national development plans through 2030. Despite remaining unprofitable, Moore Threads aims for profitability by 2027.
