DZUG (01635) rose more than 8%, with its A-share hitting the daily limit-up. At the time of writing, the stock was up 8.66% to HK$4.14, with a turnover of HK$218 million.

On the evening of November 24, the highly anticipated lottery results for Moore Threads' IPO were released. The initial online subscription multiple reached 4,126.49 times. After activating the clawback mechanism, the final online lottery rate stood at 0.03635054%.

Upon listing on the STAR Market, Moore Threads will become the "first domestic GPU stock," with an issue price of RMB 114.28 per share, setting a record for the highest IPO price in this year's A-share market.

Public information shows that DZUG's core businesses primarily cover urban gas, environmental utilities, and financial venture capital. The company is one of the major shareholders of Shenzhen Capital Group (SCGC), holding a direct 10.8% stake—ranking fourth among all SCGC shareholders. Including indirect holdings, its total stake reaches 13.93%.

SCGC has invested in numerous projects, including two high-profile IPO candidates: Unitree Robotics and Moore Threads.