Filing: Shanghai-based AI chipmaker Biren raises ~$515M in a new share sale; Biren's Hong Kong-listed stock is down 50%+ from a June peak but up ~70% YTD (Bloomberg)
Bloomberg:
Filing: Shanghai-based AI chipmaker Biren raises ~$515M in a new share sale; Biren's Hong Kong-listed stock is down 50%+ from a June peak but up ~70% YTD — Shanghai Biren Technology Co. aims to raise HK$4.04 billion ($515 million) in another share sale to help bankroll …