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Tencent-backed Enflame targets $907.8M Shanghai IPO at 142.18 yuan per share

According to Reuters, Shanghai Enflame Technology announced on August 31 that it expects to raise $907.8 million in a Shanghai IPO, pricing the deal at 142.18 yuan (US$21) per share. The AI chipmaker plans to sell 43 million shares on Shanghai's STAR Market, slightly above its original 6 billion yuan fundraising target. Investor subscriptions open on September 2.
TENCENT-2.27%
GateNews·09-01 03:01
Tencent-backed Enflame targets $907.8M Shanghai IPO at 142.18 yuan per share