US EditionManycore Tech Debuts on HKEX as the World's First Spatial Intelligence Company
The design software developer raised HK$1.224 billion after retail demand topped 1,591 times, underscoring investor appetite for spatial intelligence.
- On Friday, April 17, 2026, Manycore Tech Inc. officially listed on the Hong Kong Stock Exchange under stock code 00068.HK, with shares opening at HK$20.70, surging 172% from the HK$7.62 offer price.
- Founded in 2011, Manycore is one of Hangzhou's "Six Little Dragons," an informal group of AI startups that pivoted toward spatial intelligence using design software like Kujiale to bridge digital and physical worlds.
- Investor demand was overwhelming, with the Hong Kong public offering oversubscribed 1,591 times, while Manycore generated 820 million yuan in revenue last year leveraging nearly 500 million 3D assets.
- "The IPO is important for us to attract the most talented engineers," said Victor Huang, Manycore's chairman and co-founder, who noted Hong Kong is now the best market for Chinese AI companies.
- Manycore prioritizes 3D data over video to train physical AI, operating the Aholo spatial intelligence platform alongside its SpatialLM and SpatialGen models launched this year.
17 Articles
17 Articles
Hangzhou’s first ‘little dragon’ soars in IPO, but analyst warns the rally may fade
Manycore Tech, the first of Hangzhou’s “six little dragons,” saw its shares surge on the first day of trading on the Hong Kong Stock Exchange. Lenny Zephirin of The Zephirin Group says the company will need to “work a lot harder” to sustain its share price.
Rutland Herald
Manycore Tech Debuts on HKEX as the World's First Spatial Intelligence Company
HONG KONG, April 17, 2026 /PRNewswire/ -- Manycore Tech Inc. ("Manycore Tech" or the "Company") today officially listed on the Main Board of the Hong Kong Stock Exchange (HKEX) under stock code 00068.HK, becoming the world's first publicly listed company…
Manycore, one of Hangzhou’s ‘Six Little Dragons’, surges on Hong Kong IPO debut
Manycore Tech, a design software developer hailed as one of Hangzhou’s “Six Little Dragons”, made its trading debut in Hong Kong on Friday, with shares rising 172 per cent at the open, as the company positions itself at the intersection of artificial intelligence and the physical world. The company’s shares opened at HK$20.70 (US$2.64), rising 172 per cent versus the offer price of HK$7.62. The firm raised HK$1.09 billion from its initial public…
Manycore, the first of the Hangzhou ‘Little Dragons’ to go public, pushes 'spatial intelligence' as the next wave of AI development
Manycore Tech debuts on Hong Kong's stock exchange today, following a $130 million IPO—and contributing to the Chinese city's AI listing boom.
Manycore was consolidated with Kujiale interior design software -- known abroad as Coohom -- but the prolonged crisis in the real estate sector chin s led the company to bet, in the last few years, on a side of AI that designates as "space intelligence", based on the whole with physical environments.
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