Enflame seeks $911 million in Shanghai IPO

Tencent-backed AI chipmaker Shanghai Enflame Technology said in a filing that it priced its Shanghai initial public offering at about $21 a share. The company aims to sell 43 million shares and raise about 6.12 billion yuan, or $911 million, according to the filing summarized by Bloomberg. The offering remains an intended capital raise rather than a completed listing.