According to the previous announcement, the Cambrian IPO price was 64.39 yuan / share, and the issuance scale was RMB 2.582 billion yuan.
According to the announcement, the market value of the company corresponding to the Cambrian issue price is 25.762 billion yuan. The pre issuance market sales rate corresponding to the operating income in 2019 is 52.22 times, and the post issuance market sales rate is 58.03 times, which is higher than the average static market rate of comparable companies, and lower than the static market rate of hongruan technology and LanChi technology.
Cambrian science and technology was jointly founded by Chen Tianshi and his brother Chen Yunji in 2016. Chen Tianshi and Chen Yunji both graduated from the junior class of CUHK. Chen Tianshi's research direction is artificial intelligence algorithm, while Chen Yunji focuses on computer chips.
The predecessor of Cambrian is a 10 member academic team of "exploring the cross field of processor architecture and artificial intelligence" established by the Institute of computing, Chinese Academy of Sciences in 2008. The name "Cambrian" is a metaphor for the future of artificial intelligence in the era of geological life explosion.