Biren Technology soared 90% in HK grey market.
The fabless semiconductor design company secured 27 cornerstone investors who committed to subscribing to $372.5 million worth of IPO shares.
Shanghai Biren will use the IPO proceeds for the research and development of its intelligent computing solutions, as well as its commercialization.
China International Capital Corporation, Ping An Securities (Hong Kong), BOCI Asia, CLSA, Orient Securities (Hong Kong) and SPDB International Capital are the joint bookrunners of the IPO.
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