After MOORE THREADS (688795.SH) -17.650 (-2.588%) and METAX (688802.SH) -25.530 (-3.446%) listed on the Shanghai Stock Exchange (SSE)'s STAR market, AI chip company BIREN TECH (06082.HK) -3.960 (-7.645%) Short selling $62.60M; Ratio 13.828% , announced details of its IPO in Hong Kong. The Company plans to offer 248 million H shares globally, with the Hong Kong public offering accounting for 5%, equivalent to 12.3848 million shares, and the international placement accounting for 95%, i.e. over 235 million shares. The offer price ranges from $17 to $19.6 per share, aiming to raise up to approx. $4.855 billion. The entry fee for a board lot of 200 shares will be around $3,959.54.Related NewsJefferies: WFE Is China's Primary Target; Deal, if Inked, To Benefit Domestic GPU and IDC SectorsThe IPO period starts today (22nd), and will end next Monday (29th), with the official listing expected on 2 January 2026. CICC, Ping An Securities (Hong Kong) and BOCI are its joint sponsors.BIREN TECH is expected to become Hong Kong's first GPU stock. In this IPO, the Company has introduced a total of 23 cornerstone investors, including 3W Fund, AMF, WT Asset Management, Hao Great China Focus Fund, PING AN (02318.HK) -1.050 (-1.654%) Short selling $572.27M; Ratio 24.832% 's Ping An Life Insurance Company of China, Huadeng Technology, Lion Global, CICC FT, MY Asian, PRU (02378.HK) -2.200 (-1.808%) Short selling $2.68M; Ratio 17.570% 's Eastspring, UBS AM Singapore, Aspirational China Growth, Charoen Pokphand, DIGITAL CHINA (000034.SZ) -0.180 (-0.440%) , YEEBO (INT'L H) (00259.HK) +0.020 (+0.483%) , EIP, Tessy Holding Limited and New Opportunities SPC, collectively subscribing for shares equivalent to nearly US$3 billion, involving over 158 million shares based on the median offer price, accounting for approx. 63.96% of the shares offered.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.) (A Shares quote is delayed for at least 15 mins.)
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