AIThe Next Webabout 1 hour ago
Tencent-Backed Enflame Nearly Triples in Shanghai IPO Debut
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Shanghai Enflame Technology shares closed 179% above their offer price on their first day of trading on Shanghai's Star Market. The Tencent-backed AI chipmaker raised about 6.12 billion yuan ($911 million) in its initial public offering, with the stock opening at 410 yuan against an IPO price of 142.18 yuan.
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