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On December 5, Moor Threads, known as the 'first domestic GPU stock,' was listed on the Science and Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange. It closed at RMB 600.5 per share, up by 425.46%, with an intraday high of RMB 688 per share. The profit per lot exceeded RMB 280,000, setting a new record for new stock subscription gains since the implementation of the comprehensive registration-based system in the A-share market. Since the beginning of this year, the hard-tech sector in the A-share new stock market has performed outstandingly. As of December 5, the 101 new stocks listed in 2025 have cumulatively raised over RMB 110 billion in initial public offerings, with more than 40% concentrated on the STAR Market and ChiNext.
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