IPO Debut | BIREN TECH (06082) Lists with 82.14% Surge in Early Trading, Focuses on Self-Developed GPGPU Chips and Intelligent Computing Solutions

Stock News01-02 09:24

BIREN TECH (06082) made its trading debut, with the company's announcement indicating an issue price of HK$19.60 per share. A total of 2.848 billion shares were issued, with a board lot size of 200 shares, raising net proceeds of HK$5.375 billion. At the time of writing, the stock surged 82.14% to HK$35.7, with a turnover of HK$1.289 billion.

According to its prospectus, BIREN TECH was founded in 2019 and specializes in developing GPGPU chips and GPGPU-based intelligent computing solutions to provide the foundational computing power required for AI.

By integrating its self-developed GPGPU-based hardware with its proprietary BIRENSUPA software platform, the company's solutions support the training and inference of AI models across a wide range of applications from the cloud to the edge.

Based on the latest disclosed data, BIREN TECH's revenue skyrocketed from RMB 499,000 in 2022 to RMB 337 million in 2024, achieving a compound annual growth rate of 2500%.

Regarding its product portfolio, BIREN TECH has successfully developed and mass-produced two chip models, the BR106 and BR110, and has also launched the higher-performance BR166 chip, which commenced mass production in 2025.

Beyond its existing mature product lineup, BIREN TECH also plans to launch its next-generation flagship data center chip series, the BR20X and BR30X, which are being developed based on its second-generation architecture.

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