Core Viewpoint - Wall Street's GPU first stock, Birun Technology, has completed its IPO with significant oversubscription, indicating strong market interest and potential for future growth [1] Group 1: IPO Details - Birun Technology (06082) recorded a margin amount of approximately HKD 384.379 billion, with an oversubscription rate of 1583.50 times [1] - The company is issuing 247.69 million shares, with a price range of HKD 17.00 to HKD 19.60 per share, aiming to raise approximately HKD 4.21 to HKD 4.85 billion [1] - The pricing results are expected to be announced on December 30, and the company will be listed on January 2, 2026, marking the largest fundraising scale for a new stock since the implementation of the Hong Kong Stock Exchange's Chapter 18C listing system [1] Group 2: Investor Participation - The IPO has attracted a prestigious lineup of cornerstone investors, including Qiming Venture Partners, Ping An Life, and LionGlobal, with a total subscription amount reaching approximately HKD 28.99 billion, accounting for nearly 64% of the global offering size [1] Group 3: Company Performance - Birun Technology is a leading provider of general intelligent computing solutions in China, with revenue projected to grow from RMB 499,000 in 2022 to RMB 337 million in 2024, reflecting a compound annual growth rate of 2500% [1] - As of December 15, 2025, the company has an order backlog amounting to approximately RMB 1.241 billion [1]
壁仞科技(06082)招股认购火爆，孖展额超3800亿港元，超额认购超1500倍