00068 MANYCORE TECH
MANYCORE TECH
MANYCORE TECH
| Register Close | 2026/04/14 IPO Closing in 5 Days |
| Listing Date | 2026/04/17 |
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IPO Detail
COMPANY PROFILE
Manycore Tech Inc. is a leading provider of cloud-native spatial design software in China, adopted across a wide range of business scenarios, from residences and office buildings to retail stores and commercial projects. Its software and services rest upon three core technological capabilities: purpose-built GPU infrastructure, advanced AI applications, and synthetic virtual data generation.
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The Group primarily targets the spatial design software market, where it was China’s largest provider by 2024 revenue with a 23.2% market share, according to the report. It has also expanded into embodied AI training and e-commerce product staging.
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The Group’s product suite centers on Kujiale, a cloud-native spatial design software in China offering rapid drag-and-drop 3D design, instant photorealistic rendering, an extensive model library, and BIM capabilities. Internationally, it offers Coohom, a localized spatial design software tailored to markets across Asia and the United States, featuring region-specific design interfaces and model libraries and supporting 18 languages.
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The Group operates primarily under a subscription model, it generated revenue primarily from software subscriptions by its enterprise and individual customers. Its customers cover key players along the spatial design value chain, mainly including designers, interior design and construction companies, furniture manufacturers and retailers, custom furniture producers, real estate developers, and providers of construction materials.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Software & Services |
| Major Business Area | China |
| Board Lot | 500 |
GLOBAL OFFERING
| No. of Offer Shares | 160.62M shares |
| No. of International Offer Shares | 144.56M shares |
| No. of HK Offer Shares | 16.06M shares |
| Offer Price | $6.72 - $7.62 |
| Stock Code | 68 |
| Sponsor(s) | J.P. Morgan Securities (Far East) Limited, CCB International Capital Limited |
| Underwriter(s) | J.P. Morgan Securities (Asia Pacific) Limited, CCB International Capital Limited, ABCI Securities Company Limited, BOCI Asia Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited |
TIME TABLE
| Application Period | Apr 09 (Thu) - noon, Apr 14 (Tue) |
| Price Determination Date | Apr 15 (Wed) |
| Result Announcement Date | On or before Apr 16 (Thu) |
| Result Announcement Date | On or before Apr 16 (Thu) |
| Result Announcement Date | On or before Apr 17 (Fri) |
| Dealings in Shares commence on | Apr 17, 2026. (Fri) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $6.72 - $7.62 |
| Capitalization | 11.40B - 13.00B |
| NAV / share ($) | $0.55 - $0.64 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 7.17, the net proceeds raised would be HKD 1.02B, of which |
| 30% : Implement international expansion strategy, strengthen global market presence by deepening sales penetration, expanding marketing outreach, and fostering strategic alliances with established industry leaders |
| 20% : Enhance functionalities of products |
| 20% : Support domestic sales and marketing initiatives and promote brand visibility |
| 20% : Invest in core technologies and infrastructure |
| 10% : Ｗorking capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).