On September 2, 2026, Shanghai Enflame Technology's initial public offering, backed by Tencent Holdings, drew exceptional demand from retail investors with subscription rates ranging from 4,073 to 6,109 times the available shares.
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The initial public offering of Shanghai Enflame Technology Co., a company backed by Tencent Holdings Ltd., drew strong demand from retail investors, as the last of the so-called “four little dragons” of leading Chinese artificial intelligence chipmakers taps the public market.
Tencent-backed Enflame IPO draws 6,109 times online demand Reuters