Manycore Tech Receives Chinese Regulatory Approval for Hong Kong IPO

Deep News
Feb 14

Manycore Tech, one of the "Six Little Dragons of Hangzhou," has achieved a key milestone in its pursuit of a Hong Kong listing. On February 14, the China Securities Regulatory Commission (CSRC) disclosed the "Filing Notice for Overseas Listing of Manycore Tech Inc.," approving the company's plan to issue up to 312 million ordinary shares for listing on the Hong Kong Stock Exchange. In August 2025, Manycore Tech updated its prospectus to continue advancing its listing process on the Hong Kong exchange, aiming to become the "first global spatial intelligence stock." J.P. Morgan and CCB International are serving as the joint sponsors. The prospectus indicates that the company has turned profitable, achieving an adjusted net profit of 17.83 million yuan for the first half of the year ended June 30, 2025.

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