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Biren Technology Shares More Than Double in Hong Kong IPO Debut
Biren Technology’s Hong Kong IPO saw shares jump over 100%, boosting confidence in China’s AI and semiconductor sector and supporting broader tech market sentiment.
Shares of Shanghai based AI chipmaker Biren Technology surged more than 100% during their Hong Kong IPO debut, reflecting strong investor demand and renewed confidence in China’s technology sector. The stock opened sharply higher than its issue price and continued to gain through the session, lifting sentiment across semiconductor and AI-linked names. Market participants viewed the listing as a positive signal for China’s push toward technological self-reliance amid global chip restrictions and heightened interest in artificial intelligence hardware.