Biren shares soar as investors seize on first Chinese GPU start-up to list in Hong Kong

Shares of Shanghai Biren Technology jumped 82.1 per cent upon their debut on Friday in Hong Kong’s first listing of the year, as investors piled into the Chinese graphics processing unit (GPU) maker amid the artificial intelligence wave. The first of China’s up-and-coming GPU developers to list in Hong Kong, the company’s shares first changed hands at HK$35.70, up from the initial public offering (IPO) price of HK$19.60. The stock later more than doubled to HK$42.88 before ending the day 75.8...