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Bloomberg
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Chinese AI chip startup Biren surged as much as 119% in its Hong Kong debut, after raising ~$717M in an IPO priced at ~$2.52 per share
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Reuters
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Filing: Chinese AI chip startup Biren raises ~$717M in its Hong Kong IPO; institutional and retail tranches were oversubscribed ~26x and ~2,348x, respectively
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Financial Times
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Sources: Alibaba, Biren, and other Chinese companies halt advanced chip production and tweak designs, responding to US sanctions that cap processing power
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