NewsTradingSentimentCalendarCommunityBriefing
Sign in
Stocks LIVE

Enflame Shares Jump 188% in Shanghai Debut

By Stocks Desk · 2026-09-11 · Updated 2026-09-11 08:41 UTC
A silicon wafer resting on a cleanroom surface
Illustration: Tradingbird

Enflame Technology’s Shanghai debut saw shares surge to a peak valuation of 185 billion yuan, outperforming a weak broader market. The stock opened at triple its IPO price, but the company faces headwinds from significant losses and heavy revenue reliance on its largest shareholder, Tencent.

  • According to the Economic Times, Enflame shares opened at 410 yuan, tripling the 142.18 yuan issue price, before peaking at 475 yuan. The report highlights that the company remains loss-making, with a net loss of 1.16 billion yuan in 2025, though it targets break-even by 2026 or 2027.

    Source: GN stocks/ipo

  • GN stocks/ipo reports that Enflame shares briefly touched 475 yuan, peaking at a valuation of 185 billion yuan, before settling near 430 yuan. The report also highlights that Tencent accounted for over 83% of the company's 2025 revenue, underscoring significant customer concentration risk despite the firm's loss-making status.

    Source: GN stocks/ipo

  • Enflame Technology’s IPO saw its stock price surge 188% on the first day of trading, valuing the Tencent-backed chipmaker at 176.4 billion yuan. The company raised 6.12 billion yuan, outperforming a declining broader market.

    Source: GN stocks/ipo
Based on reporting by GN stocks/ipo, GN stocks/ipo and GN stocks/ipo, compiled by the Tradingbird desk.

Read next

More in Stocks
A cleanroom environment with polished silicon wafers and precision machinery
Stocks · Semiconductors

Memory Drives Record Chip Equipment Spending in 2026

Global wafer-fabrication-equipment spending is projected to hit a record $135.2 billion in 2026, driven by a 16.9% surge from memory manufacturers rather than traditional logic foundries.

2026-09-11Illustration: Tradingbird
A high-bandwidth memory chip resting on a circuit board
Stocks · Semiconductors

DeepSeek's Memory-Efficient Model Hits Semiconductor Valuations

DeepSeek's new V4.1 Flash model slashes memory requirements, triggering a selloff in HBM and SSD-focused stocks.

2026-09-11Illustration: Tradingbird
A cleanroom wafer fabrication facility with polished silicon wafers
Stocks · Semiconductors

Lam Research shares drop 5% on profit-taking despite record earnings

Lam Research stock slid to $299.96 as investors locked in gains following a fiscal year marked by 30% revenue growth and a significant dividend increase.

2026-09-11Illustration: Tradingbird

More from the Stocks desk

All desk stories
  • A flat vector illustration of generic grocery boxes stacked next to a bond certificate on a desk
    Illustration: Tradingbird

    Altria and Kraft Heinz Offer Yields Above 30-Year Treasuries

    Two consumer staples companies currently trade at dividend yields exceeding the U.S. 30-year Treasury benchmark, offering a premium to government debt backed by specific operational shifts and structural cost savings rather than mere market sentiment.

    2026-09-11
  • A modern server room with rows of blinking lights
    Illustration: Tradingbird

    CACI International Beats Revenue and EPS Estimates

    CACI International reported quarterly revenue of $2.71 billion, a 17.6% year-on-year increase, while EBITDA and full-year EPS guidance exceeded analyst consensus. The results reflect effective scaling of high-value technology contracts within its federal customer base.

    2026-09-11
  • A folded shirt on a wooden hanger
    Illustration: Tradingbird

    G-III Apparel Sets September Ex-Dividend Date

    G-III Apparel Group trades ahead of a September 15 ex-dividend cutoff, offering a 1.4% yield supported by conservative cash flow payouts and strong earnings growth.

    2026-09-11