Chinese AI Chipmaker Biren Targets $623M Hong Kong IPO

Shanghai-based Biren Technology is planning to raise up to $623 million through an initial public offering in Hong Kong. The company is offering 247.7 million shares priced between HK$17 and HK$19.60, with trading expected to begin on Jan. 2.If successful, the deal will mark the first new stock listing of 2026 in Hong Kong, setting an early tone for what analysts expect to be another busy year for technology offerings in the city.Founded in 2019, Biren focuses on graphics processing units used i