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Tom’s Hardware
Tom’s Hardware
Technology
Luke James

China's premier GPU maker Biren kicks off Hong Kong IPO — GPU startups vying for Nvidia's crown race to fund AI chip development

Biren Nvidia Hong Kong IPO China Biren Technology Minimax United States
Biren Technology.

Shanghai Biren Intelligent Technology Co has begun bookbuilding for a Hong Kong initial public offering aimed at raising as much as HK$4.85 billion (US$624 million), as Chinese AI chipmakers accelerate listings to fund expansion amid strong investor demand. The company plans to start trading on January 2, becoming the first new Hong Kong listing of 2026.

According to its exchange filing, Biren is offering approximately 247.7 million shares at a price range of HK$17 to HK$19.60 per share. The company would be the first mainland GPU developer to list in Hong Kong, joining a growing pipeline of Chinese AI firms that are tapping into offshore capital markets.

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