Biren Technology plans to raise up to $623 million through a Hong Kong initial public offering, offering nearly 248 million shares at a proposed price range of HK$16 to HK$26. The AI chipmaker aims to fund research and expansion as Chinese GPU firms seek capital amid ongoing US technology restrictions and heightened competition.

Prism, the parent entity of Oyo, received shareholder approval for a fresh equity issuance of up to ₹6,650 crore as part of its planned public listing. The approval also included bonus share issuance. The development moves the hospitality company closer to market debut amid strong retail participation and renewed activity in India’s primary market.