In a filing released on the evening of September 2nd, Suiyuan Technology announced the results of its online subscription application and allotment probability for its initial public offering on the STAR Market. The company is issuing 43.035173 million shares at an offering price of 142.18 yuan per share.

The online subscription phase attracted 7,032,045 valid applications, totaling 42.066 billion shares in valid subscription demand. The total number of allotment numbers generated reached 84.131758 million, ranging from 100,000,000,000 to 100,084,131,757.

Due to the preliminary online subscription ratio exceeding 100 times, the issuer activated the repurchase mechanism, transferring 3.443 million shares from the offline tranche to the online tranche. Following this adjustment, the final online offering size stood at 10.3285 million shares, resulting in the final online allotment rate of 0.02455315%.

According to public information, Suiyuan Technology was founded in March 2018. Over the past eight years, the company has independently developed four generations of architecture and five types of cloud-based AI chips. It has built a comprehensive product ecosystem encompassing AI chips, AI accelerator cards and modules, intelligent computing systems and clusters, as well as AI computing and programming software platforms. Today, it stands as one of the leading cloud AI chip companies in China.

The company is often grouped with Moore Threads, Moore Threads MXC, and BIREN TECH as the "Big Four of Domestic GPU" makers. So far, Moore Threads and Moore Threads MXC have successfully listed on the A-share market, while BIREN TECH has completed its listing on the Hong Kong Stock Exchange. With the upcoming market debut of Suiyuan Technology, all four domestic GPU leaders are set to be present on public capital markets.