Article

Biren Technology successfully completed its Hong Kong IPO, selling 284.8 million shares at $19.6 each, with demand exceeding supply by 26 times. Founded in 2019, the company reported sales of 336.8 million yuan last year and has pending orders worth about $300 million, although it remains unprofitable. This IPO follows the recent market activity from other tech firms, including Moore Threads and CXMT Corp.