New stock first day | Wall Ren Technology (06082) debuted on the first day of trading with a strong opening of 82.14% in the morning. The company focuses on self-developed GPGPU chips and intelligent computing power solutions.
Wall Ring Technology (06082) made its debut on the stock market with an initial price of HKD 19.60 per share, issuing a total of 2.848 billion shares with 200 shares per lot, and raising net proceeds of HKD 5.375 billion. As of the time of writing, the stock price has risen by 82.14% to HKD 35.7, with a trading volume of HKD 12.89 billion.
Wall Tech (06082) is listed for the first time, with each share priced at HK$19.60, issuing a total of 2.848 billion shares, with 200 shares per lot, raising a net amount of HK$5.375 billion. As of the time of writing, the stock price has increased by 82.14%, reaching HK$35.7, with a turnover of HK$1.289 billion.
According to the prospectus, Wall Tech was established in 2019, focusing on developing GPGPU chips and intelligent computing solutions based on GPGPU to provide the basic computing power needed for AI. By integrating its independently developed GPGPU-based hardware and proprietary BIRENSUPA software platform, the company's solutions support AI model training and inference in a wide range of applications from the cloud to the edge.
According to the latest disclosed data, Wall Tech's revenue is expected to grow rapidly from RMB 499,000 in 2022 to RMB 337 million in 2024, with a compound annual growth rate of 2500%. In terms of product layout, Wall Tech has successfully developed and mass-produced two chips, BR106 and BR110, and launched the higher-performance BR166 chip product, which has started mass production in 2025. In addition to the existing mature product portfolio, Wall Tech also plans to launch the next generation flagship data center chips, BR20X and BR30X series, developed based on the second generation architecture.
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