Tencent-backed AI chipmaker Enflame's shares surged 188% in their Shanghai debut, giving Enflame a market cap of $26.3B, after raising ~$910M in an IPO (Ann Cao/South China Morning Post)
Enflame’s first trading day valued the Tencent-backed chipmaker at $26.3 billion.
The Shanghai debut followed an IPO that raised about $910 million. Shares jumped 188% on their first day of trading. The move gives Enflame a public-market marker as China’s AI chip sector draws investor attention. Techmeme's note
The Shanghai debut followed an IPO that raised about $910 million. Shares jumped 188% on their first day of trading. The move gives Enflame a public-market marker as China’s AI chip sector draws investor attention. Techmeme's note
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