Moore Threads Technology surged by more than fivefold in Shanghai, as enthusiastic investors vied to get shares of the Beijing-based semiconductor supplier used in artificial intelligence, helping to mark the second-biggest trading debut in China’s stock market this year.
Moore’s shares began trading at 650 yuan amid a declining market, a 468 per cent jump from their initial public offering (IPO) price of 114.28 yuan. China’s benchmark CSI300 Index slipped 0.1 per cent.
The surge in Moore…
