Tencent-backed Enflame to open up 188% in Shanghai debut after $912 million IPO

People walk past the Enflame booth during the World Artificial Intelligence Conference (WAIC) in Shanghai, China, July 17, 2026. REUTERS/Go Nakamura

HONG ⁠KONG/SHANGHAI, Sept ⁠11 (Reuters) - Shares of ‌Chinese artificial intelligencechipmaker Shanghai Enflame ​Technology are ⁠set to ⁠open 188% higher ⁠at ‌410 ⁠yuan in their Shanghai ​debut ‌on Friday.

The Tencent-backed ⁠company ​raised 6.12 billion ⁠yuan ($912 million) in ​its initial public offering earlier ⁠this month.

($1 = 6.7061 Chinese yuan)

(Reporting ​by ⁠Yantoultra Ngui in ​Hong ‌Kong and ​Samuel Shen in Shanghai)