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Tencent-backed chipmaker Enflame nearly triples in its Shanghai debut — Blankdot

thenextweb.com1 week ago

Tencent-backed chipmaker Enflame nearly triples in its Shanghai debut

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…

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