Business
AI Chip Designer Biren’s Shares Double on Debut in Hong Kong
SOURCE:Bloomberg|BY:Sangmi Cha, Chongjing Li
Shares of Shanghai Biren Technology Co. surged nearly 119% in their trading debut, on track for the best first-day performance since 2021 among Hong Kong listings that raised at least $700 million.
Shanghai Biren Technology Co., an artificial intelligence chip designer, was set to begin trading in Hong Kong on Friday after its initial public offering raised $717 million in one of the market’s hottest sectors.