Biren shares soar as investors seize on first Chinese GPU start-up to list in Hong Kong [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
NASDAQ:AMEX Investor Relations:
hkexgroup.com/investor-relations?sc_lang=en
Company Research
Source: Yahoo! Finance
into the Chinese graphics processing unit (GPU) maker amid the artificial intelligence wave. The first of China's up-and-coming GPU developers to list in Hong Kong, the company's shares first changed hands at HK$35.70, up from the initial public offering (IPO) price of HK$19.60, valuing the company at HK$85.5 billion (US$11 billion). Biren raised HK$5.58 billion after exercising an option to adjust the offer size to accommodate strong investor appetite. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. "We have a deep appreciation for Hong Kong's strong commitment to and support for investment in hard-tech entrepreneurship, and we see its favourable business environment and efficient connectivity with global capital as a vital platform for the growth of hard-tech and other companies her
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