The Hong Kong stock exchange is the operator of Hong Kong's securities market and a listing and fundraising venue for mainland Chinese and Asian companies. Recent coverage has focused on AI-related deals: Shanghai Biren Technology is placing 130 million new shares at HK$31.08 each to raise about HK$4.04 billion, Ligent Technologies raised HK$5.7 billion in its IPO, and Beijing Xunzhong Communication Technology raised about HK$315.56 million in a new H share placing.
AI chipmaker Biren raises $515 million in share saleShanghai Biren Technology aims to raise about HK$4.04 billion ($515 million) by placing 130 million new shares at HK$31.08 apiece to fund its AI ambitions, a nearly 10% discount to Wednesday's close.
Ligent Technologies raises $727M in Hong Kong IPOAI computing networks maker Ligent Technologies raised HK$5.7 billion ($727 million) in its Hong Kong IPO and debuts Tuesday on the HKEX, joining this year's wave of companies capitalizing on the global AI buildout.
Beijing Xunzhong Raises HK$315.56M in New H Share PlacingBeijing Xunzhong Communication Technology placed 11.19M new H shares at HK$28.20 each, raising about HK$315.56M gross and HK$313.64M net. Roughly 38% of net proceeds will fund computing-power infrastructure and R&D, and 22% platform and product R&D.
The A.I. Daily