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On the evening of November 13, Moore Threads Intelligent Technology (Beijing) Co., Ltd. unveiled its prospectus, officially declaring the commencement of its Initial Public Offering (IPO) on the Science and Technology Innovation Board, also known as the STAR Market, with the designated stock code 688795. According to the most recent announcement, the subscription period will commence on November 24, followed by a planned listing on the STAR Market of the Shanghai Stock Exchange. The company has set its sights on publicly issuing 70 million shares, which will constitute 14.89% of the total share capital post-issuance. The primary objective of this IPO is to secure 8 billion yuan in funding, predominantly earmarked for the research and development endeavors related to next-generation chips, as well as to bolster its working capital reserves.
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