Chip manufacturer Bebon Technology's Hong Kong IPO received 47 times oversubscription from retail investors for the public offering.

According to Sing Tao Daily, Birun Technology started accepting subscriptions for its Hong Kong IPO on Monday, and the first day oversubscribed nearly 47 times. The company plans to issue 247.7 million shares, aiming to raise up to HK$4.85 billion. In addition, the Hong Kong IPOs of artificial intelligence unicorns Minimax and Zhipu have also been approved by the China Securities Regulatory Commission.