Chinese AI Chipmaker Enflame Sees Record Oversubscription in Shanghai Stock Listing

Retail investors drove Enflame Technology's initial public offering to over 4,000 times demand, highlighting strong domestic appetite for homegrown artificial intelligence semiconductors.

3 Sept, 06:17 — 3 Sept, 06:17

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SCMPMostly Factual7d ago

Chinese chipmaker Enflame 4,073 times oversubscribed in Shanghai IPO amid Nvidia race

Enflame Technology, one of China’s leading AI chipmakers, has sparked a retail frenzy for its 6.12 billion yuan (US$910.9 million) initial public offering (IPO) in Shanghai’s tech-heavy Star Market, underscoring growing investor appetite for home-grown alternatives to Nvidia. The Tencent Holdings-backed chipmaker saw the retail portion of its IPO oversubscribed by 4,073 times, with about 7 million online investors alone submitting orders for 42.1 billion shares, according to its filing to the...

By Ann Cao

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Chinese AI Chipmaker Enflame Sees Record Oversubscription in Shanghai Stock Listing

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Chinese chipmaker Enflame 4,073 times oversubscribed in Shanghai IPO amid Nvidia race

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