Overview
- Biren disclosed an offering of 247,692,800 H shares with a price range of HK$17 to HK$19.6 per share in its HKEX filing.
- The issuance size may be adjusted depending on the exercise of the overallotment, or greenshoe, mechanism.
- Trading of the H shares is expected to begin on January 2, 2026, according to the company’s timetable.
- Founded in 2019, Biren develops high-performance general-purpose GPUs built on a unified training-and-inference architecture.
- Its first-generation GPUs have been deployed in multiple intelligent computing centers, and peers Moore Threads and Muxi are already listed.