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Enflame Technology Launches 6.12 Billion Yuan Star IPO

9/2/2026

Summary

Story summary

Enflame Technology launched a 6.12 billion-yuan IPO on Shanghai’s Star Market.
Subscriptions opened Wednesday after Enflame announced issuance of 43.04 million shares at 142.18 yuan each.
Enflame must prove its chips can compete with Huawei and reduce reliance on Tencent Holdings.
The IPO caps a historic fundraising wave by China’s four AI-chip “little dragons.”
Moore Threads raised 8 billion yuan in December, MetaX 4.2 billion yuan last year, and Biren secured HK$7 billion earlier 2026.

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Story summary

Enflame Technology launched a 6.12 billion-yuan IPO on Shanghai’s Star Market.
Subscriptions opened Wednesday after Enflame announced issuance of 43.04 million shares at 142.18 yuan each.
Enflame must prove its chips can compete with Huawei and reduce reliance on Tencent Holdings.
The IPO caps a historic fundraising wave by China’s four AI-chip “little dragons.”
Moore Threads raised 8 billion yuan in December, MetaX 4.2 billion yuan last year, and Biren secured HK$7 billion earlier 2026.