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AI chip company Enflame Technology's STAR Market IPO approved
Odaily News According to the Shanghai Stock Exchange (SSE) official website, the STAR Market IPO application of Shanghai Enflame Technology Co., Ltd. (hereinafter referred to as "Enflame") has been reviewed and approved by the exchange's listing review committee. Enflame initiated its IPO辅导 in August 2024 and completed the辅导 evaluation in January this year. Notably, the company changed its sponsor from CICC to CITIC Securities in October last year, and its listing application was accepted by the SSE on January 12, 2025.According to the prospectus, Enflame Technology plans to raise 6 billion yuan for the research and development and industrialization projects of its fifth-generation AI chip series, the research and development and industrialization projects of its sixth-generation AI chip series, and an advanced AI software and hardware collaborative innovation project. (Caixin)
Predict.fun launches a new prediction event: "What will be the market cap ranking of CXMT at close on its IPO day"
Odaily Seer monitoring shows that the prediction market Predict.fun has launched a new prediction event: "What will be the market cap ranking of CXMT at close on its IPO day," with total trading volume currently at $93,000.On May 27, ChangXin Memory Technologies (CXMT), a leading domestic memory chip company, successfully passed its IPO review on the STAR Market (SSE STAR) and plans to raise 29.5 billion yuan, which would mark the second-largest IPO in the history of the STAR Market. Benefiting from the memory industry upcycle, CXMT reported a Q1 2026 revenue of 50.8 billion yuan and a net profit attributable to parent company of 24.762 billion yuan for the single quarter, achieving a dramatic turnaround from losses to profits year-over-year. This strong earnings potential has sparked extremely high market expectations for its post-listing valuation, with some suggesting it could challenge the top tier of A-share market capitalizations. According to the settlement rules, this event will ultimately be settled based on the descending order of total market capitalization from the "Shanghai-Shenzhen-Beijing A-shares" section of East Money (东方财富网) at market close.Odaily Seer continues to monitor prediction markets, observing changes before prices are set.
Bitget Adds 16 US Stock Tokens (rToken) Including Kroger, Jabil Inc., and More
Bitget has listed 16 US stock tokens, including rXBI (S&P Biotech ETF-SPDR), rDIA (SPDR Dow Jones Industrial Average ETF Trust), rKSTR (SSE STAR 50 Index ETF), rJBL (Jabil Inc.), and rKR (Kroger), covering sectors such as finance, healthcare, information technology, and industrials. It is reported that rTokens, identified by the letter 'r' + stock ticker (e.g., NVIDIA as rNVDA), are issued by Reality, a licensed RWA protocol under Bitget. They directly connect to global liquidity pools such as Nasdaq and NYSE through cooperation with compliant broker Alpaca. Their features include: underlying assets 1:1 reserved and custodied by licensed custodians, stock dividends distributed 1:1 in token form, support for synchronous mapping of corporate actions (stock splits, etc.), and holdings can serve as combined margin for unified accounts and USDT-margined contracts, allowing users to flexibly manage funds while holding global stock assets.
Bybit Lists SNXX, INTW, KSTR US Stock Perpetual Contracts Today
Bybit lists 3 new US stock perpetual contracts today: 2x Long SNDK ETF (SNXXUSDT), 2x Long INTC ETF (INTWUSDT), and SSE STAR Market 50 ETF (KSTRUSDT), with up to 20x leverage. Enjoy limited-time fee discounts during the listing period: 0% fee rate for limit orders, 50% off for market orders.
SSE Releases Guidelines for Reviewing AI Large-Model Enterprises’ Eligibility for the STAR Market’s Fifth Listing Standard
The Shanghai Stock Exchange officially released the “Shanghai Stock Exchange Guidelines on the Application of the Rules for Review of Issuance and Listing—Guideline No. 10: Application of the Fifth Listing Standard of the STAR Market by Artificial Intelligence Large-Model Enterprises.” In accordance with the requirements of the STAR Market’s Fifth Listing Standard, and taking into account the technological innovation and industrial development characteristics of the AI large-model sector, this guideline specifies concrete criteria regarding technological advantages, interim achievements, relevant approvals, and market potential.
Related news
ChangXin Technology will announce the results of the online lottery draw on the Shanghai Stock Exchange website on July 20.
According to the announcement disclosed by Changxin Memory Technologies, the issuer and joint lead underwriters will conduct the online subscription lottery drawing ceremony for this issuance on the morning of July 17 (T+1 day), and will publish the online lottery allocation results on the SSE website on July 20 (T+2 day). Changxin Memory Technologies reminds investors to pay close attention to the payment process of this issuance and fulfill the payment obligations in a timely manner on July 20 (T+2 day).
Bitget Adds 16 US Stock Tokens (rToken) Including Kroger, Jabil Inc., and More
Bitget has listed 16 US stock tokens, including rXBI (S&P Biotech ETF-SPDR), rDIA (SPDR Dow Jones Industrial Average ETF Trust), rKSTR (SSE STAR 50 Index ETF), rJBL (Jabil Inc.), and rKR (Kroger), covering sectors such as finance, healthcare, information technology, and industrials. It is reported that rTokens, identified by the letter 'r' + stock ticker (e.g., NVIDIA as rNVDA), are issued by Reality, a licensed RWA protocol under Bitget. They directly connect to global liquidity pools such as Nasdaq and NYSE through cooperation with compliant broker Alpaca. Their features include: underlying assets 1:1 reserved and custodied by licensed custodians, stock dividends distributed 1:1 in token form, support for synchronous mapping of corporate actions (stock splits, etc.), and holdings can serve as combined margin for unified accounts and USDT-margined contracts, allowing users to flexibly manage funds while holding global stock assets.
Bybit Lists SNXX, INTW, KSTR US Stock Perpetual Contracts Today
Bybit lists 3 new US stock perpetual contracts today: 2x Long SNDK ETF (SNXXUSDT), 2x Long INTC ETF (INTWUSDT), and SSE STAR Market 50 ETF (KSTRUSDT), with up to 20x leverage. Enjoy limited-time fee discounts during the listing period: 0% fee rate for limit orders, 50% off for market orders.
SSE Releases Guidelines for Reviewing AI Large-Model Enterprises’ Eligibility for the STAR Market’s Fifth Listing Standard
The Shanghai Stock Exchange officially released the “Shanghai Stock Exchange Guidelines on the Application of the Rules for Review of Issuance and Listing—Guideline No. 10: Application of the Fifth Listing Standard of the STAR Market by Artificial Intelligence Large-Model Enterprises.” In accordance with the requirements of the STAR Market’s Fifth Listing Standard, and taking into account the technological innovation and industrial development characteristics of the AI large-model sector, this guideline specifies concrete criteria regarding technological advantages, interim achievements, relevant approvals, and market potential.
AI chip company Enflame Technology's STAR Market IPO approved
Odaily News According to the Shanghai Stock Exchange (SSE) official website, the STAR Market IPO application of Shanghai Enflame Technology Co., Ltd. (hereinafter referred to as "Enflame") has been reviewed and approved by the exchange's listing review committee. Enflame initiated its IPO辅导 in August 2024 and completed the辅导 evaluation in January this year. Notably, the company changed its sponsor from CICC to CITIC Securities in October last year, and its listing application was accepted by the SSE on January 12, 2025.According to the prospectus, Enflame Technology plans to raise 6 billion yuan for the research and development and industrialization projects of its fifth-generation AI chip series, the research and development and industrialization projects of its sixth-generation AI chip series, and an advanced AI software and hardware collaborative innovation project. (Caixin)
Predict.fun launches a new prediction event: "What will be the market cap ranking of CXMT at close on its IPO day"
Odaily Seer monitoring shows that the prediction market Predict.fun has launched a new prediction event: "What will be the market cap ranking of CXMT at close on its IPO day," with total trading volume currently at $93,000.On May 27, ChangXin Memory Technologies (CXMT), a leading domestic memory chip company, successfully passed its IPO review on the STAR Market (SSE STAR) and plans to raise 29.5 billion yuan, which would mark the second-largest IPO in the history of the STAR Market. Benefiting from the memory industry upcycle, CXMT reported a Q1 2026 revenue of 50.8 billion yuan and a net profit attributable to parent company of 24.762 billion yuan for the single quarter, achieving a dramatic turnaround from losses to profits year-over-year. This strong earnings potential has sparked extremely high market expectations for its post-listing valuation, with some suggesting it could challenge the top tier of A-share market capitalizations. According to the settlement rules, this event will ultimately be settled based on the descending order of total market capitalization from the "Shanghai-Shenzhen-Beijing A-shares" section of East Money (东方财富网) at market close.Odaily Seer continues to monitor prediction markets, observing changes before prices are set.