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Tencent-backed AI chipmaker Enflame targets about $900M in Shanghai IPO

IPO Initial Public Offering on Financial Stock Market Chart 3D render

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Shanghai-based AI chipmaker Enflame Technology will open subscriptions on September 2 for its IPO on Shanghai’s STAR Market, seeking to raise about 6B yuan ($892.2M).

The Tencent (TCEHY)-backed company plans to issue 43.04M new shares, representing 10% of its enlarged

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