China AI chipmaker Biren soars in Hong Kong debut as IPO wave builds
The Economic Times·2026-01-02 17:00

The company's shares opened at HK35.70,hitanintradayhighofHK35.70, hit an intraday high of HK42.88 and closed at HK34.46,up7634.46, up 76% from the offer price of HK19.60.That compared to a 2.8% rise for the benchmark Hang Seng Index. Biren was also the third most actively traded stock by turnover on the Hong Kong bourse, with 150.7 million shares ‌worth HK5.52billion(5.52 billion (707.7 million) ‌changing hands.The strong debut follows a blockbuster year for Hong Kong's equity market in 2025 and heralds a wave of chip and AI offerings this year as ...