AI chip company Enflame Technology's STAR Market IPO application approved

Odaily Odaily News According to the official website of the Shanghai Stock Exchange, the STAR Market IPO application of Shanghai Enflame Technology Co., Ltd. (hereinafter referred to as "Enflame") has been reviewed and approved by the exchange's listing review committee. Enflame initiated its IPO tutoring in August 2024 and completed the tutoring acceptance in January this year. Notably, the company changed its tutoring institution from CICC to CITIC Securities in October last year, and its listing application was accepted by the Shanghai Stock Exchange on January 12, 2025.

According to the prospectus, Enflame Technology plans to raise 6 billion yuan for the research and development and industrialization projects of its fifth-generation AI chip series products, the research and development and industrialization projects of its sixth-generation AI chip series products, and the advanced AI software and hardware collaborative innovation project. (Caixin)