Tech
China AI chipmaker Biren soars in Hong Kong debut as IPO wave builds
[ad_1]
Shares of Chinese AI chip designer Shanghai Biren Technology closed up 76% in their Hong Kong debut on Friday, the financial hub’s first listing of 2026.
The company’s shares opened at HK$35.70, hit an intraday high of HK$42.88 and closed at HK$34.46, up 76% from the offer price of HK$19.60.
That compared to a 2.8% rise for the benchmark Hang Seng Index. Biren was also the third most actively traded stock by turnover on the Hong Kong bourse, with 150.7 million shares worth HK$5.52 billion ($707.7 million) changing hands.
The strong debut…
[ad_2]
Source link