semiconductor / news / / Reuters
Chinese AI chip startup Biren Technology aims to launch a Hong Kong initial public offering.
Biren Technology plans a Hong Kong IPO as early as this month, debuting in January.
KEY POINTS
- The IPO could raise $300 million and involve issuing up to 372.5 million shares.
- Biren's shareholders will convert 873.3 million onshore shares into Hong Kong-listed stock.
- Biren was valued at $2 billion before raising 1.5 billion yuan in early 2025 funding.
- Lead banks on the deal are Bank of China International, CICC, and Ping An Securities.
COMPANIES
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