Oops, something went wrong
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.
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.
Read Also:Scott Bessent Honors 9/11 Victims on 25th Anniversary, Unveils Half Dollar Coin Inscribed 'Never Forget'
