On December 31, the subscription for Biren Technology, hailed as "the first GPU stock on the Hong Kong stock market", witnessed an extraordinary surge, with over-subscription hitting a staggering 2,363 times during the offering window. On December 30, Biren Technology (stock code: 06082.HK) unveiled its pricing strategy, setting the issue price for its H shares at HK$19.60 apiece. Priced at the upper end of the range, the total funds raised soared to HK$4.855 billion, positioning it as the largest IPO in terms of capital raised since the enactment of Chapter 18C of the Hong Kong Listing Rules. Biren Technology is slated to make its official debut on the Hong Kong Stock Exchange on January 2, 2026, heralding its arrival as the inaugural new stock in the Hong Kong stock market for the year 2026. CICC, Ping An Securities (Hong Kong), and BOC International have been appointed as the joint sponsors for this landmark listing.