Moore Threads Technology surged by more than fivefold in Shanghai, as enthusiastic investors vied to get shares of the Beijing-based semiconductor supplier used in artificial intelligence, helping to mark the second-biggest trading debut in China’s stock market this year.
Moore’s shares began trading at 650 yuan, a 468 per cent jump from their initial public offering (IPO) price of 114.28 yuan. The stock closed 425 per cent higher at 600.50 yuan. China’s benchmark CSI300 Index rose 0.8 per cent...
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