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Manycore Tech Soars 172% in HK IPO Debut

4/17/2026

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Summary

Story summary

Manycore Tech, a Hangzhou-based design software developer, debuted on the Hong Kong stock exchange on April 17, 2026.
Its shares rose 172% at the opening to HK$20.70 after raising HK$1.09 billion in its IPO.
The retail tranche was oversubscribed 1,590 times.
Founded in 2011, Manycore expanded from space design software to platforms such as SpatialVerse and SpatialTwin, driving AI-driven design and visualization.

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Story summary

Manycore Tech, a Hangzhou-based design software developer, debuted on the Hong Kong stock exchange on April 17, 2026.
Its shares rose 172% at the opening to HK$20.70 after raising HK$1.09 billion in its IPO.
The retail tranche was oversubscribed 1,590 times.
Founded in 2011, Manycore expanded from space design software to platforms such as SpatialVerse and SpatialTwin, driving AI-driven design and visualization.