In a recent statement released on the Hong Kong Stock Exchange, Biren Technology revealed its intention to launch an initial public offering (IPO) in Hong Kong. The company plans to issue 247,692,800 H-shares (note that this exact figure may be subject to adjustments depending on the exercise of the option to modify the offer size and the application of the over-allotment option), with each share priced within the range of HK$17 to HK$19.6. Trading of these H-shares is anticipated to commence on January 2 of the coming year.
