AI chipmaker Enflame sets subscription date for near $900 million Shanghai IPO

Enflame Technology, a leading Chinese artificial intelligence chipmaker backed by Tencent Holdings, announced plans for a 6 billion yuan IPO on Shanghai’s STAR Market. The company will issue 43.04 million new shares representing a 10% stake in its enlarged share capital of approximately 430 million shares, according to a regulatory filing released late on August 25.
The subscription process for the offering will commence on September 2, with preliminary price consultations beginning on Au