BIRENSUPA

Headlines · 1

1. Oct 19
   Biren raises about HK$17B in three rounds as stock falls ~65% from peak

   A Mktcap column republished by TMTPost says Biren Technology listed on the Hong Kong exchange on January 2 as the city's first GPU stock, raising HK$6.204 billion net, then completed discounted placements in July and on October 8, bringing total fundraising to about HK$17 billion in under ten months. The October placement was priced at HK$31.08; the shares closed at HK$30.36 that day, down 11.85%, and fell to HK$24.98 by October 15, roughly 65% below the HK$70.75 peak. The article says Biren is not short of cash — first-half 2026 revenue was RMB 1.236 billion, up about 20 times year on year, with RMB 4.86 billion of bank deposits at end-June — and that roughly 70% of the new placement goes to supply-chain procurement and production preparation for its next product; it cites a Daiwa note saying management raised its 2027 revenue guidance to RMB 20 billion from RMB 10 billion, and notes BR20X has been powered on and entered post-tape-out validation, with sampling slated for Q4 2026 and volume deployment in 2027.

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