'Four Little Dragons' of China's GPU Industry, Enflame Soars 179% on First Trading Day

Enflame Makes STAR Market Debut,

Closes at 397 Yuan on First Day

The share price of Enflame (Suiyuan Keji), one of the "Four Little Dragons" in China's graphics processing unit (GPU) manufacturing industry, surged by 179% on its first day of trading on the Chinese mainland stock market.

According to Chinese portal Baidu on September 11 (local time), Enflame's share price closed at 397 yuan on its first trading day on the STAR Market (the Chinese science and technology innovation board), up 179.22% from its initial public offering (IPO) price of 142.18 yuan. Based on the closing price, the company's market capitalization reached 179 billion yuan (approximately KRW 34.2 trillion). During early trading, the share price soared to as much as 475 yuan, up 234% from the IPO price.

Through this IPO, Enflame issued 43.04 million new shares and raised 6.12 billion yuan (approximately KRW 1.2 trillion). The company's valuation was 61.2 billion yuan (approximately KRW 12.2 trillion).

Chinese media refer to Enflame, Moores Thread, Biren Technology, and MetaX collectively as the "Four Little Dragons" of the GPU sector. When IlluvataCoreX is included, they are also called the "Five Little Tigers," meaning the five leading players in the Chinese artificial intelligence (AI) chip industry. Among these companies, Enflame was the last to go public.

Meanwhile, Enflame drew attention because Chinese conglomerate Tencent holds a 17.95% stake in the company. Tencent is also a key client, accounting for 83.79% of Enflame's total revenue.

This content was produced with the assistance of AI translation services.