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China AI chip firm Biren to launch Hong Kong IPO in coming weeks, sources say [Yahoo! Finance]

QUALCOMM Incorporated (QCOM)  More Company Research Source: Yahoo! Finance
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
The IPO could raise $300 million, local Chinese media reported. One of the sources ?confirmed the number to Reuters. The Shanghai-based company, along with other domestic rivals, is banking on rapid growth as China seeks to develop ?domestic alternatives to U.S. semiconductors amid stringent export restrictions by Washington on advanced chips. Biren could kick off the offering as early as this month and debut in January, said two of the sources. According to a Monday notice from the China Securities Regulatory Commission (CSRC), Biren plans to issue up to 372.5 million shares in Hong ?Kong and its shareholders will convert ?873.3 million onshore shares into Hong Kong-listed stock. The sources declined to be identified as the information was confidential. Biren did not respond to a Reuters query for ?comment. CHINA'S CHIP AMBITIONS Beijing has prioritised building homegrown champions in graphics processing units (GPUs), which are critical for artificial intelligence develo [Read more]
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Stockreport

China AI chip firm Biren to launch Hong Kong IPO in coming weeks, sources say [Yahoo! Finance]

QUALCOMM Incorporated  (QCOM) 
More Company Research Source: Yahoo! Finance
Last qualcomm incorporated earnings: 4/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: qualcomm.com/info/investor-relations
The IPO could raise $300 million, local Chinese media reported. One of the sources ?confirmed the number to Reuters. The Shanghai-based company, along with other domestic rivals, is banking on rapid growth as China seeks to develop ?domestic alternatives to U.S. semiconductors amid stringent export restrictions by Washington on advanced chips. Biren could kick off the offering as early as this month and debut in January, said two of the sources. According to a Monday notice from the China Securities Regulatory Commission (CSRC), Biren plans to issue up to 372.5 million shares in Hong ?Kong and its shareholders will convert ?873.3 million onshore shares into Hong Kong-listed stock. The sources declined to be identified as the information was confidential. Biren did not respond to a Reuters query for ?comment. CHINA'S CHIP AMBITIONS Beijing has prioritised building homegrown champions in graphics processing units (GPUs), which are critical for artificial intelligence develo [Read more]
IMPACT SNAPSHOT
EVENT TIME:
QCOM
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS