Chinese AI Chip Maker Suiyuan Surges 179% on STAR Market Debut
燧原科技科创板上市首日大涨179%，市值超1700亿元
Shanghai Suiyuan Technology, one of China’s leading cloud AI chip companies, jumped 179 percent on its first day of trading on the STAR Market, closing at 397 yuan and giving the company a market value of about 170.8 billion yuan. The company, listed under the code 688801, priced its IPO at 142.18 yuan per share and raised 6.12 billion yuan. Shares opened at 410 yuan, up 188 percent, and hit a high of 475 yuan during the session. Founded eight years ago, Suiyuan has developed five cloud AI chips across four generations, becoming the last of China’s AI chip makers to go public.
上海燧原科技9月11日登陆上交所科创板，上市首日大涨179%，收报397元，市值约1708.5亿元人民币。公司股票代码688801，发行价为142.18元/股，募资总额61.19亿元。首日开盘价410元，较发行价上涨188%，盘中一度冲高至475元。燧原科技成立八年来自研迭代了四代架构、五款云端AI芯片，此次上市也标志着“国产AI芯片四小龙”全部登陆资本市场。
