开年首个千亿IPO敲钟！盐城金谷入驻基金参投“港股GPU第一股”

Core Viewpoint - The successful IPO of Birun Technology marks a significant milestone in the high-end computing sector, establishing it as the first GPU stock in Hong Kong and achieving a market capitalization exceeding 100 billion HKD on its debut [1][5]. Group 1: Company Overview - Birun Technology, founded in 2019, focuses on the research and development of General-Purpose Graphics Processing Unit (GPGPU) chips and intelligent computing solutions based on GPGPU technology, aiming to provide high-performance computing support for the artificial intelligence industry [3]. - The company has developed a comprehensive AI training and inference solution system that covers various scenarios, leveraging its proprietary GPGPU hardware and BIRENSUPA software platform [3]. Group 2: Market Position - Birun Technology is recognized as one of the "Four Little Dragons" of domestic GPUs, alongside Moore Threads, Muxi Co., and Suiruan Technology, solidifying its position in the top tier of domestic GPU manufacturers [5]. - Prior to Birun's listing, Moore Threads and Muxi Co. had already gone public on the Sci-Tech Innovation Board, indicating a trend of successful IPOs in the domestic GPU sector [5]. Group 3: IPO Details - The IPO involved the issuance of 285 million shares, raising approximately 5.583 billion HKD, with a net fundraising amount of 5.375 billion HKD, making it the largest fundraising project since the implementation of Chapter 18C of the Hong Kong Stock Exchange [5]. - Approximately 85% of the net proceeds will be allocated to research and development, focusing on the next generation of product iterations and core technology breakthroughs, while 5% will be used for commercial expansion [5]. Group 4: Investment and Financial Support - Yancheng Jingu Capital, through its fund Yancheng Zhiping Equity Investment Partnership, holds a 0.27% stake in Birun Technology, reflecting its strategic investment in the hard technology sector [1][5]. - Yancheng Jingu has established a robust financial ecosystem, with 229 registered funds totaling 80.954 billion RMB, and aims to enhance financial support for the real economy by linking quality capital with hard technology enterprises [7].