Moore Thread officially launched subscription today, with the stock code "688795", and will become the "first domestic GPU stock" after listing.The issuance price is 114.28 yuan per share, the highest issuance price for new shares this year. Winning the first lottery requires a payment of 57,140 yuan. The Moore Thread IPO is expected to raise a total of 8 billion yuan, making it the second largest A-share IPO project this year.

Moore Thread Announcement, according to data provided by the Shanghai Stock Exchange,The number of valid subscription households for this online issuance is 4.8266 million, the number of valid subscription shares was 46.217 billion shares, and the preliminary winning rate for the online issuance was 0.02423369%.
Since the initial effective subscription multiple for this online issuance is approximately 4126.49 times, exceeding 100 times, the issuer and sponsor (lead underwriter) decided to activate the clawback mechanism, to adjust the scale of offline and online distribution.
After the clawback mechanism is activated: the final number of shares issued offline is 39.20 million shares, accounting for 70.00% of the number issued after deducting the final strategic allotment number; the final number of shares issued online is 16.80 million shares, accounting for 30.00% of the number issued after deducting the final strategic allotment number.
After the clawback mechanism was activated, the final winning rate for online issuance was 0.03635054%.
