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Moore Threads IPO- Moore Threads manufactures GPU i.e. graphic processing units. America had banned the company two years ago. Company founder James Zhang Jianzhang has worked at Nvidia for 14 years.
New Delhi. A company has created such a stir in the Chinese stock market that its echo is being heard all over the world. People are going crazy to invest money in the IPO of Moore Threads IPO, a loss-making company that is just four years old. The special thing is that America has banned this company. The company’s IPO has been subscribed 4,126 times so far. People have so far invested 4.53 lakh crore dollars in this IPO. This amount is more than Nvidia’s market cap of $4.3 trillion.
According to a report by Moneycontrol, the total size of the company’s IPO is around $1.1 billion. The company has raised about 8 billion yuan so far. The price band of the IPO has been kept at 114.28 yuan per share. The valuation of the company has been fixed at 54 billion yuan, while its share allotment rate is only 0.036%. This means that out of lakhs of investors, only a few people will be able to get shares. This rarity is further increasing the craze for this IPO. Moore Threads is scheduled to be listed on the Shanghai STAR Exchange, although its final date has not been announced yet. Moore Threads got fast-track approval for listing in just 88 days.
What does Moore Threads do?
Moore Threads makes GPUs i.e. graphics processing units, just like Nvidia and AMD do. Company founder James Zhang Jianzhang worked at Nvidia for 14 years and has headed the company in China. Along with him, many old engineers of AMD are also part of this company. The company is only 4 years old. But it has launched four generations of GPU architecture, Sudi, Chunxiao, Quyuan and Pinghu. This speed is considered unusually fast for any tech company.
America bans it in 2023
Moore Threads is included in the US ban list in October 2023. This means that the company cannot import American technology. Not having access to the advanced technology required to make GPUs is a big challenge for any chip company. The second major problem is that the company is in deep losses. Its net loss in the first half of 2025 was $271 million.
