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)
Biren secured fresh cash while its shares remain well below their June high.
A filing cited by Bloomberg says the Shanghai-based AI chipmaker raised about $515 million in a new share sale. Techmeme’s note says Biren’s Hong Kong-listed stock is down more than 50% from its June peak, though still up about 70% year to date. The note does not give buyers or use-of-proceeds details. Techmeme's note
A filing cited by Bloomberg says the Shanghai-based AI chipmaker raised about $515 million in a new share sale. Techmeme’s note says Biren’s Hong Kong-listed stock is down more than 50% from its June peak, though still up about 70% year to date. The note does not give buyers or use-of-proceeds details. Techmeme's note
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