On September 26th, Moore Threads, a prominent domestic GPU manufacturer, successfully navigated the review process conducted by the Shanghai Stock Exchange. This marks a significant milestone in the company’s pursuit of a listing on the Science and Technology Innovation Board (commonly known as the STAR Market), as it edges closer to claiming the title of “China’s First Domestic GPU Stock.”

According to reports, Moore Threads submitted its initial public offering (IPO) application for listing on the STAR Market on June 30, 2025. Throughout the review process, the company faced two rounds of inquiries from regulatory authorities. Remarkably, it took less than three months from the date of application acceptance to secure approval to pass the review. This rapid progression underscores the growing momentum behind China’s homegrown semiconductor industry.

For this IPO, Moore Threads aims to raise 8 billion yuan (approximately US$1.1 billion), positioning it as the largest IPO project currently under review on the STAR Market for the year. The substantial capital infusion is expected to fuel the company’s research and development efforts, accelerate production scale-up, and strengthen its competitive edge in the global GPU market.