Archive · 5 Dec 2025
Moore Threads Surges 500% on Debut
Moore Threads, a company that makes special computer chips for AI, had its first day of trading on the stock market on December 05, 2025.
Its stock price went up by 468% from its starting price, making it one of the biggest first-day jumps in 2025.
The company raised a lot of money, which it will use to make new AI chips.
Even though it's not making a profit yet, the company expects to sell a lot more chips this year and become profitable by 2027.
The success of Moore Threads shows that investors are excited about China's plans to make its own advanced computer chips.
Moore Threads' shares surged 468% on debut, reaching 650 yuan on the Shanghai Stock Exchange.
The IPO raised 8 billion yuan (US$1.13 billion), the second-largest in mainland China this year.
The company's IPO was oversubscribed by over 4,000 times, indicating strong investor interest.
Moore Threads was founded in 2020 by former Nvidia engineers and remains unprofitable but expects significant sales growth in 2025.
The company aims to become profitable by 2027 as it competes to fill the void left by Nvidia in the Chinese market.
- Who
- Moore Threads, a Beijing-based GPU manufacturer
- What
- Successful IPO with a 468% surge on debut
- When
- December 05, 2025
- Where
- Shanghai Stock Exchange (SSE)
- Why
- Investor confidence in China's economic policies and AI chip demand
- Company
- Moore Threads
- IPO Date
- December 05, 2025
- IPO Price
- 114.28 yuan
- Debut Price
- 650 yuan
- Listing Pop
- 468%
- Funds Raised
- 8 billion yuan (US$1.13 billion)
- Founder
- James Zhang Jianzhong
- Revenue (H1 2025)
- 70 million yuan
- Net Loss (H1 2025)
- US$271 million
- Expected 2025 Sales Growth
- 242% to 1.5 billion yuan