China AI chipmaker Biren soars in Hong Kong debut as IPO wave builds
The company's shares opened at HK42.88 and closed at 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 HK707.7 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 ...