Moore Threads Soars 411% on First Trading Day: China’s Stock Market Frenzy Continues

Moore Threads, a Chinese chipmaker, experienced an explosive debut on the Shanghai STAR market. The stock soared by an impressive 411% in its first trading session, pushing its price from an IPO level of 114.28 yuan to 584.98 yuan. This surge makes Moore Threads the second-largest onshore IPO this year, following Huadian New Energy Group’s $2.7 billion deal in July.