Tencent-backed Enflame IPO draws heavy demand
Chinese AI chipmaker Shanghai Enflame Technology drew investor orders worth 6109 times the available shares in its Shanghai IPO online portion. The Tencent-backed startup aims to raise about 6.1 billion yuan on the STAR Market.
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Shanghai Enflame Technology drew investor orders worth 6,109 times the available shares in its online Shanghai IPO. The Tencent-backed chipmaker aims to raise 6.1 billion yuan ($908 million) on the STAR Market. The stellar demand highlights surging local interest in domestic semiconductor alternatives.
