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2026 IPO frenzy! Over 90% of new listings rose on their debut day
牛牛新股君
joined discussion · Jan 2 07:30

IPO Pricing | Biren Technology, known as the 'first GPU stock in Hong Kong,' listed today with over 2,347 times subscription, priced at HKD 19.60 per share, and a 5% chance of winning one lot.

Futu News reported on January 2 that$BIREN TECH (06082.HK)$the allotment results were announced, with the share price set at HKD 19.60. A total of 284,846,600 shares were issued, with each lot consisting of 200 shares. The company officially listed today.
Biren Technology's pre-market trading closed 79.69% higher at HKD 35.22 per share. Each lot consists of 200 shares, and without considering handling fees, investors earned HKD 3,124 per lot.
Public offering stage$BIREN TECH (06082.HK)$The public offering was subscribed 2,347.53 times, with the final number of publicly offered shares amounting to 49,538,600 shares, representing approximately 17.39% of the total number of shares offered. A total of approximately 471,116 valid applications were received, with 135,569 applications processed. The percentage of shares allocated to successful applicants in the first tranche relative to the total number of shares applied for is approximately 5%.
Additionally, during the international placement phase, Biren Technology was subscribed 25.95 times, with the final number of internationally placed shares amounting to 235,308,000 shares, equivalent to 82.61% of the total shares offered. Futu Information has compiled relevant data in the table below:
Futu News reported on January 2 that$BIREN TECH (06082.HK)$the allotment results were announced, with the share price set at HKD 19.60. A total of 284,846,600 shares were issued, with each lot consisting of 200 shares. The company officially listed today. Biren Technology's pre-market trading closed 79.69% higher at HKD 35.22 per share. Each lot consists of 200 shares, and without considering handling fees, investors earned HKD 3,124 per lot. During the public offering phase,$BIREN TECH (06082.HK)$the subscription rate reached 2,347.53 times. The final number of shares offered to the public amounted to 49,538,600, representing approximately 17.39% of the total shares offered. A total of approximately 471,116 valid applications were received, with 135,569 processed applications. The percentage of allocated shares for one-lot applicants relative to the total applied shares was about 5%. Additionally, during the international placement phase, Biren Technology garnered a subscription rate of 25.95 times. The final number of international placement shares totaled 235,308,000, accounting for 82.61% of the total shares offered. Futu News has compiled the relevant data in the table below: Company Profile $BIREN TECH (06082.HK)$is a domestic provider of general-purpose intelligent computing solutions. It focuses on its independently developed BiLi™ series of GPU products to provide computational infrastructure across various industries. By integrating its self-developed GPGPU-based hardware and proprietary BIRENS...
Futu News reported on January 2 that$BIREN TECH (06082.HK)$the allotment results were announced, with the share price set at HKD 19.60. A total of 284,846,600 shares were issued, with each lot consisting of 200 shares. The company officially listed today. Biren Technology's pre-market trading closed 79.69% higher at HKD 35.22 per share. Each lot consists of 200 shares, and without considering handling fees, investors earned HKD 3,124 per lot. During the public offering phase,$BIREN TECH (06082.HK)$the subscription rate reached 2,347.53 times. The final number of shares offered to the public amounted to 49,538,600, representing approximately 17.39% of the total shares offered. A total of approximately 471,116 valid applications were received, with 135,569 processed applications. The percentage of allocated shares for one-lot applicants relative to the total applied shares was about 5%. Additionally, during the international placement phase, Biren Technology garnered a subscription rate of 25.95 times. The final number of international placement shares totaled 235,308,000, accounting for 82.61% of the total shares offered. Futu News has compiled the relevant data in the table below: Company Profile $BIREN TECH (06082.HK)$is a domestic provider of general-purpose intelligent computing solutions. It focuses on its independently developed BiLi™ series of GPU products to provide computational infrastructure across various industries. By integrating its self-developed GPGPU-based hardware and proprietary BIRENS...
Futu News reported on January 2 that$BIREN TECH (06082.HK)$the allotment results were announced, with the share price set at HKD 19.60. A total of 284,846,600 shares were issued, with each lot consisting of 200 shares. The company officially listed today. Biren Technology's pre-market trading closed 79.69% higher at HKD 35.22 per share. Each lot consists of 200 shares, and without considering handling fees, investors earned HKD 3,124 per lot. During the public offering phase,$BIREN TECH (06082.HK)$the subscription rate reached 2,347.53 times. The final number of shares offered to the public amounted to 49,538,600, representing approximately 17.39% of the total shares offered. A total of approximately 471,116 valid applications were received, with 135,569 processed applications. The percentage of allocated shares for one-lot applicants relative to the total applied shares was about 5%. Additionally, during the international placement phase, Biren Technology garnered a subscription rate of 25.95 times. The final number of international placement shares totaled 235,308,000, accounting for 82.61% of the total shares offered. Futu News has compiled the relevant data in the table below: Company Profile $BIREN TECH (06082.HK)$is a domestic provider of general-purpose intelligent computing solutions. It focuses on its independently developed BiLi™ series of GPU products to provide computational infrastructure across various industries. By integrating its self-developed GPGPU-based hardware and proprietary BIRENS...
Futu News reported on January 2 that$BIREN TECH (06082.HK)$the allotment results were announced, with the share price set at HKD 19.60. A total of 284,846,600 shares were issued, with each lot consisting of 200 shares. The company officially listed today. Biren Technology's pre-market trading closed 79.69% higher at HKD 35.22 per share. Each lot consists of 200 shares, and without considering handling fees, investors earned HKD 3,124 per lot. During the public offering phase,$BIREN TECH (06082.HK)$the subscription rate reached 2,347.53 times. The final number of shares offered to the public amounted to 49,538,600, representing approximately 17.39% of the total shares offered. A total of approximately 471,116 valid applications were received, with 135,569 processed applications. The percentage of allocated shares for one-lot applicants relative to the total applied shares was about 5%. Additionally, during the international placement phase, Biren Technology garnered a subscription rate of 25.95 times. The final number of international placement shares totaled 235,308,000, accounting for 82.61% of the total shares offered. Futu News has compiled the relevant data in the table below: Company Profile $BIREN TECH (06082.HK)$is a domestic provider of general-purpose intelligent computing solutions. It focuses on its independently developed BiLi™ series of GPU products to provide computational infrastructure across various industries. By integrating its self-developed GPGPU-based hardware and proprietary BIRENS...
Company Profile
$BIREN TECH (06082.HK)$It is a domestic provider of general intelligent computing solutions, focusing on its self-developed Birenx™ series of GPU products as the core to supply computing power infrastructure across various industries. By integrating its self-developed GPGPU-based hardware and proprietary BIRENSUPA software platform, the company's solutions support AI model training and inference in a wide range of applications from cloud to edge.
As of the latest practicable date, the company has 24 unfulfilled binding orders with a total value of approximately RMB 822 million. The company has entered into five framework sales agreements and 24 sales contracts with a combined value of approximately RMB 1.241 billion. These two figures together represent over RMB 2 billion in potential revenue reserves, primarily concentrated in the field of intelligent computing solutions, with clients including leading enterprises in telecommunications, AI data centers, and the internet industry.
Futu News reported on January 2 that$BIREN TECH (06082.HK)$the allotment results were announced, with the share price set at HKD 19.60. A total of 284,846,600 shares were issued, with each lot consisting of 200 shares. The company officially listed today. Biren Technology's pre-market trading closed 79.69% higher at HKD 35.22 per share. Each lot consists of 200 shares, and without considering handling fees, investors earned HKD 3,124 per lot. During the public offering phase,$BIREN TECH (06082.HK)$the subscription rate reached 2,347.53 times. The final number of shares offered to the public amounted to 49,538,600, representing approximately 17.39% of the total shares offered. A total of approximately 471,116 valid applications were received, with 135,569 processed applications. The percentage of allocated shares for one-lot applicants relative to the total applied shares was about 5%. Additionally, during the international placement phase, Biren Technology garnered a subscription rate of 25.95 times. The final number of international placement shares totaled 235,308,000, accounting for 82.61% of the total shares offered. Futu News has compiled the relevant data in the table below: Company Profile $BIREN TECH (06082.HK)$is a domestic provider of general-purpose intelligent computing solutions. It focuses on its independently developed BiLi™ series of GPU products to provide computational infrastructure across various industries. By integrating its self-developed GPGPU-based hardware and proprietary BIRENS...
Financial Overview
In terms of financial performance, in 2023, the company’s intelligent computing solutions began generating revenue. For the year ended December 31, 2024, and the six months ended June 30, 2025, the company's specialized technology products had 14 and 12 customers, respectively, contributing revenues of RMB 336.8 million and RMB 58.9 million, respectively.
Use of Proceeds
Regarding the use of proceeds,$BIREN TECH (06082.HK)$The estimated net proceeds from the global offering are approximately HKD 4.351 billion (assuming the over-allotment option is not exercised, calculated based on the median offer price of HKD 18.30). According to the prospectus, Biren Technology plans to use the proceeds from the global offering for the following purposes:
Approximately 85.0% will be used for future research and development of the company’s intelligent computing solutions. Approximately 5.0% will be allocated towards the commercialization of the company’s intelligent computing solutions. Approximately 10.0% will be utilized as working capital and for general corporate purposes.
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Futu News reported on January 2 that$BIREN TECH (06082.HK)$the allotment results were announced, with the share price set at HKD 19.60. A total of 284,846,600 shares were issued, with each lot consisting of 200 shares. The company officially listed today. Biren Technology's pre-market trading closed 79.69% higher at HKD 35.22 per share. Each lot consists of 200 shares, and without considering handling fees, investors earned HKD 3,124 per lot. During the public offering phase,$BIREN TECH (06082.HK)$the subscription rate reached 2,347.53 times. The final number of shares offered to the public amounted to 49,538,600, representing approximately 17.39% of the total shares offered. A total of approximately 471,116 valid applications were received, with 135,569 processed applications. The percentage of allocated shares for one-lot applicants relative to the total applied shares was about 5%. Additionally, during the international placement phase, Biren Technology garnered a subscription rate of 25.95 times. The final number of international placement shares totaled 235,308,000, accounting for 82.61% of the total shares offered. Futu News has compiled the relevant data in the table below: Company Profile $BIREN TECH (06082.HK)$is a domestic provider of general-purpose intelligent computing solutions. It focuses on its independently developed BiLi™ series of GPU products to provide computational infrastructure across various industries. By integrating its self-developed GPGPU-based hardware and proprietary BIRENS...
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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