# Enflame seeks $911 million in Shanghai IPO

_Monday, August 31, 2026 at 8:20 AM EDT · Capital, AI · Latest · Tier 2 — Notable_

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.

## Sources

- [Techmeme](https://www.techmeme.com/260831/p14#a260831p14)

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Retrieved: 2026-08-31T15:52:22.826Z
Publisher: Tech & Business (techandbusiness.org)