China Chipmaker Moore Threads Soars 469% After $1.1 Billion IPO
(Bloomberg)– Moore Threads Technology Co., one of China’s leading makers of artificial intelligence chips, surged in its trading debut in Shanghai after raising 8 billion yuan ($1.13 billion) in the year’s second-largest IPO. Most read on Bloomberg The company’s shares soared 469% after being sold at 114.28 yuan apiece in the IPO. Investor interest in…