News linked to both this project and an event.
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)
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.