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Chinese AI chipmaker Enflame aims to raise $908 million after setting Shanghai IPO price
Source: reuters.com
Artificial IntelligenceIPOs & SPACsTechnology & InnovationCompany Fundamentals
Shanghai Enflame Technology expects to raise 6.1 billion yuan (about $908 million) in its Shanghai IPO after pricing shares at 142.18 yuan. The raise targets expansion for a Tencent-backed Chinese AI chipmaker, which may modestly support sentiment around AI semiconductor funding.
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