Enflame Technology Sets IPO Price at 142.18 Yuan per Share

Enflame Technology (燧原科技) has finalized its IPO on the STAR Market, setting the issue price at 142.18 yuan per share with an expected fundraising of 6.119 billion yuan. The company, known as one of the 'Four Little Dragons' of domestic GPU development alongside Moore Threads, MetaX, and Biren Technology, plans to use the funds for the research and industrialization of its fifth and sixth-generation AI chips.