Shanghai Enflame Technology makes a strong debut on China’s Shanghai Stock Exchange after its initial public offering, with shares jumping sharply from the IPO price. Multiple outlets report the stock opens around 410 yuan, compared with the issue price of 142.18 yuan, and ends its first session up roughly 180% to over 220% above the offer level, depending on the outlet.
The company raises about 6.12 billion yuan (around $911 million) in the IPO, according to Bloomberg and other reports. Enflame is described as Tencent Holdings-backed and as one of China’s “four little dragons” of leading AI chipmakers, with several sources noting it is the last of that group to list. Coverage also ties the debut to continued investor demand for domestic AI chips and a broader IPO boom in the sector, with some outlets framing the move as reflecting strong interest in Nvidia-challenger products amid tighter US semiconductor export curbs.
