Manycore Tech

Money Moves

Publicly listed on HKEX (00068.HK) as of April 17, 2026

Manycore Tech, a Hangzhou company that builds AI tools for understanding and generating three-dimensional spaces, debuted on the Hong Kong Stock Exchange on April 17, 2026, and its shares nearly tripled on the first day. Retail investors oversubscribed the offering roughly 1,600 times, and the stock closed at HKD 18.60—up 144% from its offer price of HKD 7.62. It is the world's first publicly listed 'spatial intelligence' company and the first of Hangzhou's celebrated 'Six Little Dragons' AI startups to reach public markets. Post-IPO momentum continued: by April 21, the shares had jumped as much as an additional 60% intraday to HKD 29.80, suggesting retail enthusiasm had not cooled a week after listing.

Updated Apr 24