Enflame's IPO has made Tencent make a huge fortune.
Summary
Enflame Technology launched its STAR Market subscription and set its IPO price at RMB 142.18 per share. The company plans to raise more than RMB 6 billion and expects a post-issuance market value above RMB 60 billion. Tencent appears as a major strategic investor and the company’s largest customer, with a large allocation in the placement list. The article also describes other institutional investors and reviews Enflame’s revenue growth, losses, and business focus on cloud AI chips and software platforms.
Funding
Amount
$860.0M
Total raised
Date
September 2, 2025
Announcement date
Investors
GigaDevice
Lead investors
Company
enflame-tech.com
Funded company
AskAI Classifications
Sectors
No sectors detected
Functions
Developer and IT Infrastructure
Development Platforms
Linked Companies
Zhipuai
$10M to $25M