Shanghai Biren Intelligent Technology is looking to raise about $300 million from its revived plan for an initial public offering in Hong Kong, Bloomberg News reported Monday, citing people familiar with the matter.
The semiconductor company is in talks with China International Capital Corp. (HKG:3908, SHA:601995), BOC International, and Ping An Securities regarding the share sale, the report said, citing the sources.
Details of the IPO, such as the size and timing, are subject to change. Biren may also decide against the listing, the sources said.
Biren revived its Hong Kong IPO plan following a surge in AI triggered by DeepSeek, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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