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Stock impact report

China AI chipmaker Biren surges 82% on Hong Kong debut, kicking off 2026 listings [Yahoo! Finance]

QUALCOMM Incorporated (QCOM) 
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
Company Research Source: Yahoo! Finance
Biren ?shares opened at HK$35.7 each, above the offer price of HK$19.60. They rose as much as ?HK$40 after opening. The strong debut follows a blockbuster year for Hong Kong's equity market in 2025 and points to a likely wave of AI and semiconductor offerings this year as China accelerates efforts to build domestic chip alternatives in ?response to U.S. curbs on ?technology exports. Biren raised HK$5.58 billion ($717 million) by selling 284.8 million H shares at HK$19.60 each, the top of a marketed ?range. Institutional demand was nearly 26 times the shares on offer, while the retail tranche was oversubscribed about 2,348 times, exchange filings showed. At the offer price, Biren's market capitalisation ?stands at HK$46.9 billion, based on 2.396 billion shares outstanding. Founded in 2019, ?Biren develops general-purpose graphics processing units (GPUs) and intelligent computing systems for artificial intelligence and high-performance computing. Its co-founders include Zha Show less Read more
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