Shanghai Biren Technology Surges 82% on Hong Kong Debut After Raising $717 Million in AI Chip IPO
Published on: Jan. 2, 2026, 7:44 a.m. | Source: scanx.trade
Shanghai Biren Technology's shares surged 82% on its Hong Kong debut after raising $717 million in its IPO. The AI chip designer attracted exceptional retail investor interest with 2,300x oversubscription. As the first GPU-focused company to list in Hong Kong, Biren benefits from strong market demand for AI semiconductor stocks amid China's push for homegrown technology development.
