On December 17, according to Bloomberg,Muxi Integrated Circuit (Shanghai) Co., Ltd., the “second domestic GPU stock”, was listed on the Science and Technology Innovation Board today, and its stock price soared, driving the wealth of the three co-founders to soar.
Muxi was listed on the Shanghai Stock Exchange’s Science and Technology Innovation Board on Wednesday with a valuation of US$5.9 billion.The stock price soared as much as 755% on the first day. The Bloomberg Billionaires Index shows that based on this calculation,The value of the 55 million shares of the company held by Muxi co-founder and CEO Chen Weiliang greatly increased to US$7 billion, making him a billionaire.Chen Weiliang once served as an AMD executive.
Before Chen Weiliang became a billionaire, Moore Thread, the "first domestic GPU stock", was the first to be listed on the Science and Technology Innovation Board, and also achieved a skyrocketing share price, pushing the value of its CEO Zhang Jianzhong's shareholding to more than 4.3 billion US dollars, making him a billionaire.
Like Moore Threads, Muxi’s IPO also significantly increased the wealth of company executives.The wealth of Muxi co-founder and CTO Peng Li and another co-founder and CTO Yang Jian soared to US$440.9 million and US$435.6 million respectively.