Chinese AI chip developer Enflame raises $912M in IPO
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What happened
Shares of Shanghai Enflame Technology Co. closed 179% higher today following an initial public offering that raised 6.12 billion yuan, or about $912 billion. The listing drew particularly strong demand from retail investors. Such investors ordered 6,109 times more shares than the number Enflame had made available as part of its retail allocation. The company […] The post Chinese AI chip developer Enflame raises $912…
Summary assembled by rule from the sources below