Chinese artificial intelligence chipmaker Enflame Technology soared more than 223% in its Shanghai debut on Friday after raising 6.12 billion yuan ($912 million) in its initial public offering.
A Strong Debut
The Tencent Holdings Ltd. (OTC:TCEHY) backed chipmaker opened at RMB 410 ($61.13) and rose to as high as RMB 460 ($68.59), according to the Shanghai Stock Exchange.
Enflame is considered one of China’s “four little dragons” of AI chipmaking and is the last of that group to go public, following MetaX‘s and Moore Threads‘ debut last year and Biren Tehcnology‘s listing in January.
The Nvidia Rival
