AI Stock Listing: This AI stock jumped 82% on the day of listing, the IPO was subscribed 2,300 times.:

News Topical, Digital Desk : AI Stock Listing: Shares of Shanghai Biren Technology Co., a chip designer for artificial intelligence (AI), were listed on the Hong Kong Stock Exchange today, Friday, January 2, 2026. The shares have jumped sharply since listing. Shares soared 82% upon listing. The company raised $717 million through its IPO, capitalizing on the global AI boom. This trend is driving investors to increasingly flock to companies with semiconductor, chip, or AI-related names. Retail investors bid 2,300 times more shares than they had reserved for them in the IPO. Trading began at HK$35.7, compared to the issue price of HK$19.6. Shares also saw a strong rally in the unlisted gray market before listing, signaling a strong debut. Shanghai Biren Technology, a GPU-based AI business , develops graphics processing units (GPUs), which are used to train and run AI models. The stock joins a growing list of companies whose shares have surged after listing due to the AI boom. The Chinese government's policy of supporting domestic technology has also boosted investor sentiment.

Other AI chip companies also have strong debuts Recently, MetaX Integrated Circuits (Shanghai) shares jumped 693% on listing. Moore Threads Technology also had a similarly strong debut.

First GPU-focused stock in Hong Kong Biren Technology is the first GPU-focused company to list in Hong Kong. According to Kenny Ng, strategist at China Everbright Securities International, “Biren Technology is receiving scarcity value and significant market attention. This industry is booming and has huge growth potential.”

Average 23% return on IPO listing day According to Bloomberg data, IPO companies raising $700 million or more in Hong Kong between 2020 and 2025 have averaged 23% return on listing day.

A look at the company's history Biren Technology was founded in 2019 by Zhang Wen, former president of SenseTime Group Inc. The company claimed to set a "new record in global computing power" with its first general-purpose GPU in 2022. According to the IPO documents, the funds raised will be used for research and development of computing solutions. However, the Shanghai-based company reported a net loss of 1.6 billion yuan (about $228.9 million) in the first half of the year. Biren Technology's listing amid the global AI race once again demonstrates that the AI and semiconductor sectors remain high on investors' radars.