Tencent-Backed Enflame IPO Draws 6,109 Times Online Demand

Tencent-backed Enflame IPO draws 6,109 times online demand

BEIJING, Sept 2 (Reuters) - Chinese AI chipmaker Shanghai Enflame Technology, backed by Tencent, drew investor orders worth 6,109 times the shares available in the online portion of its Shanghai initial ​public offering, an exchange filing showed on We...

Tencent-Backed Enflame’s IPO Draws 4,073 Times Retail Demand

The initial public offering of Shanghai Enflame Technology Co., a company backed by Tencent Holdings Ltd., drew strong demand from retail investors, as the last of the so-called “four little dragons” of leading Chinese artificial intelligence chipmakers taps the public market.

Tencent-Backed AI Chipmaker Enflame Eyes $9 Billion Valuation in IPO

Tencent-Backed AI Chipmaker Enflame Eyes $9 Billion Valuation in IPO - Chipmaker plans to raise about $911 million as demand for domestic AI processors surges

Shanghai Enflame IPO sees strong demand from retail investors as China bets big on domestic AI chips

The strong retail demand for Enflame's IPO underscores China's strategic focus on self-reliance in AI technology amid global tech tensions. The post Shanghai Enflame IPO sees strong demand from retail investors as China bets big on domestic AI chips appeared first on Crypto Briefing .