According to CoinMeta, and as reported by Reuters, China's leading artificial intelligence chip manufacturer Enflame Technology will launch its IPO offering of 6 billion yuan (approximately 892.21 million US dollars) on September 2nd, with the listing taking place on the Shanghai Science and Technology Innovation Board. The company plans to issue 43.04 million new shares, which represent 10% of the expanded total share capital. Preliminary price inquiries will begin on August 28th. In this offering, 8.61 million shares have been allocated to strategic investors, while 27.54 million shares and 6.89 million shares are reserved for institutional and retail investors, respectively. Enflame was established in 2018 and, along with Moore Threads, Metax, and Biren Technology, is known as one of China's "Four Little Dragons" in the AI chip industry. The company intends to use the funds raised to develop and commercialize its fifth and sixth generations of AI chips, as well as advanced AI software and hardware collaborative innovation projects.