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Tencent-backed chipmaker Enflame nearly triples in its Shanghai debut

Shares in Shanghai Enflame Technology closed 179% above their offer price on their first day of trading on Shanghai’s Star Market on Friday. The Tencent-backed AI chipmaker had raised about 6.12bn yuan ($911m) in its initial public offering, Bloomberg reported. The stock opened at 410 yuan, against an IPO price of 142.18 yuan. It rose […] This story continues at The Next Web

Published Sep 11, 2026 · 7:00 PMOriginal source: The Next Web12 reads
Tencent-backed chipmaker Enflame nearly triples in its Shanghai debut
Shares in Shanghai Enflame Technology closed 179% above their offer price on their first day of trading on Shanghai’s Star Market on Friday. The Tencent-backed AI chipmaker had raised about 6.12bn yuan ($911m) in its initial public offering, Bloomberg reported. The stock opened at 410 yuan, against an IPO price of 142.18 yuan. It rose […] This story continues at The Next Web
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