Enflame Tech to List on STAR Market Sept 11 at 142.18 yuan

The STAR Market listing at a fixed offer price signals a pivotal moment for Enflame Tech, as it transitions from private funding to public scrutiny under China's push for semiconductor self-sufficiency. The projected revenue surge—over fourfold at the upper range—underscores explosive demand for its AI chips, but the wide guidance band hints at execution uncertainty. For market watchers, the key question is whether post-listing trading validates the 142.18 yuan valuation against the revenue trajectory, and how sustained growth holds up amid competitive pressures and regulatory oversight. This debut will also serve as a barometer for investor appetite in China's domestic AI hardware sector.