Shares in Shanghai Enflame Technology closed 179% above their offer price on their first day of trading on Shanghai’s Star Market on Friday. The Tencent-backed AI chipmaker had raised about 6. 12bn yuan ($911m) in its initial public offering, Bloomberg reported.
Source: [TNW](https://thenextweb.com/news/enflame-shanghai-ipo-debut-tencent-ai-chips)