China's four leading domestic GPU startups are set to enter the capital market, with Suiyuan Technology opening subscription on September 2.

According to the A-share market's issuance schedule, three new shares are available for subscription next week: Baimaike on the Beijing Stock Exchange (BSE) on August 31; Suiyuan Technology on the Shanghai Stock Exchange's STAR Market on September 2; and Xinuowei on the STAR Market on September 3. Among these, Suiyuan Technology, together with Moore Threads, Mythicera and Biren Technology, are collectively known as the "Four Little Dragons of China's Domestic GPUs". Currently, only Suiyuan Technology remains unlisted. Once Suiyuan Technology goes public, the four will all be listed on the capital market. Earlier, the three companies saw their first-day closing gains hit 425.46%, 692.95% and 75.82% respectively. The prospectus filed by Suiyuan Technology shows that it plans to issue 43,035,173 shares, accounting for 10% of its total share capital post-issuance, bringing the total share capital to around 430 million shares. The IPO is expected to raise 6 billion yuan, with proceeds mainly allocated to the R&D and industrialization of fifth- and sixth-generation AI chip series, as well as advanced AI software-hardware collaborative innovation projects, to further advance the independent iteration of China's domestic computing power infrastructure.