Enflame sets subscription date for Shanghai IPO
Chinese AI chipmaker Enflame Technology plans to open share subscriptions on September 2 for its 6 billion yuan initial public offering on Shanghai's STAR Market. The Tencent backed company will issue 43.04 million new shares to fund the development of its advanced processors.
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Enflame Technology will open share subscriptions on September 2 for a 6 billion yuan ($892.21M) IPO on Shanghai's STAR Market. The offering represents a 10% stake in the China-based chipmaker's enlarged share capital. Backed by Tencent Holdings Ltd, Enflame is the last of the country's four leading GPU developers to seek public listing.
