@thetruism · 7d ago
Tencent-backed AI chipmaker Enflame triples on Shanghai debut
Shanghai-based AI chipmaker Enflame, backed by Tencent, saw its shares surge on its debut on the Shanghai Stock Exchange following a $912 million initial public offering.
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Shanghai
Tencent-backed AI chipmaker Enflame triples on Shanghai debut
- Tencent-backed Enflame debuted on the Shanghai stock exchange.
- Enflame shares tripled in value during their Shanghai debut after raising $912 million.
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- How the company's valuation will hold up in the medium term amid escalating US-China chip curbs.
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