Tencent-backed AI chipmaker Enflame targets about $900M in Shanghai IPO
4 Articles
4 Articles
Fourth 'little GPU dragon' set to fire up IPO market
Enflame Technology, one of China's leading AI chipmakers, will open share subscriptions on September 2 for its six billion yuan initial public offering on Shanghai's tech-heavy Star Market, a regulatory filing showed late on Monday. The chipmaker, backed by technology company Tencent Holdings, will issue 43.04 million new shares, representing a 10 percent stake in its enlarged share capital of approximately 430 million shares, with preliminary p…
Enflame, one of the Chinese hopes of IA chips, launches its entry into the Shanghai Stock Exchange. Supported by Tencent, the company completes the quartet of the "four dragons" supposed to compete with Nvidia, while its rivals flew away from the start of their stock exchanges. Will a French investor be able to buy its share? The article Enflame, this Chinese competitor of Nvidia in IA chips, arrives on the Stock Exchange, appeared first on Cryp…
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