# 燧原科技科创板IPO定价约20.97美元，拟募资约9.02亿美元

- 来源：X.PIN (@thexpin)
- 发布时间：2026-09-01 16:00
- AIHOT 分数：53
- AIHOT 链接：https://aihot.virxact.com/items/cmtiei6td022uropb9dpe0xyk
- 原文链接：https://x.com/thexpin/status/2094696762069901351

## AI 摘要

燧原科技（Enflame）科创板IPO定价约每股20.97美元，拟募资总额约9.02亿美元。该公司为数据中心开发云端AI芯片，腾讯是其最大客户，占2025年销售额的83.79%；公司尚未盈利，2025年静态市销率为61.8倍，低于同业平均水平。同业上市首日涨幅方面，Moore Threads上涨425.46%，MetaX上涨692.95%，Biren上涨75.82%。

## 正文

Enflame priced its STAR Market IPO at about US$20.97 per share, targeting US$902M in gross proceeds.

Enflame builds cloud AI chips for data centres. Tencent was its largest customer, contributing 83.79% of 2025 sales. Enflame remains unprofitable, with a 61.8x diluted 2025 static P/S—below the peer average.

Peer debut gains: Moore Threads +425.46% and MetaX +692.95%; Biren +75.82%.