AI chip company Enflame Technology passes STAR Market IPO review

Odaily Planet Daily 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 Committee. Enflame initiated its IPO advisory process in August 2024 and completed the advisory acceptance in January this year. Notably, the company changed its advisory 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, development, and industrialization projects of its fifth-generation AI chip series, the research, development, and industrialization projects of its sixth-generation AI chip series, and advanced AI software and hardware collaborative innovation projects. (Caixin)