Manycore Tech Raises HK$1.1 Billion From Hong Kong IPO Ahead of Debut

MT Newswires Live

11 hours ago

Manycore Tech (HKG:0068) raised HK$1.09 billion in net proceeds from its initial public offering in Hong Kong.

The final offer price was set at HK$7.62 per share, the top end of the offer price range, according to a Thursday after-market filing with the Hong Kong Stock Exchange.

The China-based cloud-native spatial design software provider offered 160.6 million shares in the global offering.

The Hong Kong public offer was 1,590.56 times subscribed, with a final allocation of 16.1 million shares, representing 10% of the total offering.

The international offering was 14.46 times subscribed, with a final allocation of 144.6 million shares, or 90% of the total offering.

An over-allocation of 24.1 million shares was made under the global offering.

Cornerstone investors, including Taikang Life Insurance, Sunshine Life Insurance, GF Fund Management, Redwood Elite, Mirae Asset Securities, and others, were allotted a combined 59.6 million shares, according to the filing.

Manycore Tech is scheduled to debut on the Hong Kong bourse on Friday, April 17.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2628259522"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2628259522\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2628259522?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-17 09:37","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2628259522","market":"sg","top_or_hot":-1,"title":"Manycore Tech Raises HK$1.1 Billion From Hong Kong IPO Ahead of Debut","media":"MT Newswires Live","content":"<html><body><p> Manycore Tech (HKG:0068) raised HK$1.09 billion in net proceeds from its initial public offering in Hong Kong.</p><p>The final offer price was set at HK$7.62 per share, the top end of the offer price range, according to a Thursday after-market filing with the Hong Kong Stock Exchange.</p><p>The China-based cloud-native spatial design software provider offered 160.6 million shares in the global offering.</p><p>The Hong Kong public offer was 1,590.56 times subscribed, with a final allocation of 16.1 million shares, representing 10% of the total offering.</p><p>The international offering was 14.46 times subscribed, with a final allocation of 144.6 million shares, or 90% of the total offering.</p><p>An over-allocation of 24.1 million shares was made under the global offering.</p><p>Cornerstone investors, including Taikang Life Insurance, Sunshine Life Insurance, GF Fund Management, Redwood Elite, Mirae Asset Securities, and others, were allotted a combined 59.6 million shares, according to the filing.</p><p>Manycore Tech is scheduled to debut on the Hong Kong bourse on Friday, April 17.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Manycore Tech Raises HK$1.1 Billion From Hong Kong IPO Ahead of Debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nManycore Tech Raises HK$1.1 Billion From Hong Kong IPO Ahead of Debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-04-17 09:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Manycore Tech (HKG:0068) raised HK$1.09 billion in net proceeds from its initial public offering in Hong Kong.</p><p>The final offer price was set at HK$7.62 per share, the top end of the offer price range, according to a Thursday after-market filing with the Hong Kong Stock Exchange.</p><p>The China-based cloud-native spatial design software provider offered 160.6 million shares in the global offering.</p><p>The Hong Kong public offer was 1,590.56 times subscribed, with a final allocation of 16.1 million shares, representing 10% of the total offering.</p><p>The international offering was 14.46 times subscribed, with a final allocation of 144.6 million shares, or 90% of the total offering.</p><p>An over-allocation of 24.1 million shares was made under the global offering.</p><p>Cornerstone investors, including Taikang Life Insurance, Sunshine Life Insurance, GF Fund Management, Redwood Elite, Mirae Asset Securities, and others, were allotted a combined 59.6 million shares, according to the filing.</p><p>Manycore Tech is scheduled to debut on the Hong Kong bourse on Friday, April 17.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1147","symbol_name":"投资银行业与经纪业","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2628259522","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2628259522","pubTimestamp":1776389864,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Manycore Tech (HKG:0068) raised HK$1.09 billion in net proceeds from its initial public offering in Hong Kong.The final offer price was set at HK$7.62 per share, the top end of the offer price range, ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1147":"投资银行业与经纪业","SPCX":"SPAC and New Issue ETF","IPOS":"Renaissance International IPO ETF","00068":"MANYCORE TECH"},"translate_title":"Manycore Tech在首次亮相前通过香港IPO筹集11亿港元","themeId":"f6f7c9f6a0174df79daf9f1dfd21f836","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00068":1.5,"SPCX":1.5,"IPOS":1.5},"content_text":"Manycore Tech (HKG:0068) raised HK$1.09 billion in net proceeds from its initial public offering in Hong Kong.The final offer price was set at HK$7.62 per share, the top end of the offer price range, according to a Thursday after-market filing with the Hong Kong Stock Exchange.The China-based cloud-native spatial design software provider offered 160.6 million shares in the global offering.The Hong Kong public offer was 1,590.56 times subscribed, with a final allocation of 16.1 million shares, representing 10% of the total offering.The international offering was 14.46 times subscribed, with a final allocation of 144.6 million shares, or 90% of the total offering.An over-allocation of 24.1 million shares was made under the global offering.Cornerstone investors, including Taikang Life Insurance, Sunshine Life Insurance, GF Fund Management, Redwood Elite, Mirae Asset Securities, and others, were allotted a combined 59.6 million shares, according to the filing.Manycore Tech is scheduled to debut on the Hong Kong bourse on Friday, April 17.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}