Key Highlights
- 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 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.
