MANYCORE TECH (00068) commenced trading on its first day of listing. According to the company's announcement, the stock was priced at HK$7.62 per share, with a total of 161 million shares issued. Each board lot consists of 500 shares, and the net proceeds from the offering amounted to approximately HK$1.092 billion. As of the latest update, the stock price surged 169.03%, reaching HK$20.50, with a turnover of HK$745 million.

Public information indicates that MANYCORE TECH is part of the "Hangzhou Six Dragons," a benchmark group in the city's hard technology sector, covering advanced fields such as spatial intelligence, robotics, and brain-computer interfaces. MANYCORE TECH is a globally leading provider of spatial intelligence services, having established a flywheel system comprising "spatial editing tools - spatial data - spatial large models." Its business scope extends from assisting humans in 3D content creation to further enabling intelligent agents to enhance the intelligence level of three-dimensional environments.

The company primarily targets the spatial design software market. According to data from Frost & Sullivan, based on 2024 revenue, the company holds a 23.2% market share, making it the largest provider in China. It has expanded into embodied AI training and e-commerce product visualization, allowing it to enter the broader general design and visualization software market, where China's spatial design software segment accounted for only 4.4% in 2024.