STOCKS | China’s GPU Quartet Nears the Capital Market

According to Jin10, three new shares will be available for subscription next week: Beijiaoke on August 31 on the Beijing Stock Exchange, Suoyuan Technology on September 2 on the STAR Market of the Shanghai Stock Exchange, and Xinnuowei on September 3 on the STAR Market of the Shanghai Stock Exchange. Suoyuan Technology is one of the four domestic GPU companies alongside Moore Threads, MetaX, and Biren Technology, and it is currently the only one of the four that has not yet listed. After Suoyuan Technology lists, the four domestic GPU companies will all be in the capital market. Moore Threads, MetaX, and Biren Technology rose 425.46%, 692.95%, and 75.82%, respectively, on their first trading day. Suoyuan Technology's prospectus says it plans to issue 43.035173 million shares, or 10% of its post-offering total share capital, which will be about 430 million shares. The IPO is expected to raise 6 billion yuan, mainly for research and industrialization of its fifth- and sixth-generation AI chip product lines, as well as an advanced AI hardware-software collaborative innovation project.