| Stock Name | MANYCORE TECH |
|---|---|
| Stock Code | 00068 |
| Company Full Name | MANYCORE TECH |
| Industry | Information Technology |
| Principal Activities | Manycore是中國領先的雲原生空間設計軟件提供商，產品廣泛應用於從住宅及辦公樓到零售店及商業項目等業務場景。我們的軟件以人工智能(AI)技術和專用圖形處理單元(GPU)集群驅動，使設計師和企業能創造出引人入勝的設計，並通過即時及沉浸式的視覺效果進行體驗。 |
| Listing Date | 2026-04-17 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 浙江省杭州市拱墅區余杭塘路515號萊茵矩陣國際1號樓11樓 |
| Business Address (Hong Kong) | 香港銅鑼灣希慎道33號利園一期19樓1920室 |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | manycoretech.com |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2862 8628 |
| A-Share/US Dual Listing | No |
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 7.62 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 500 shares |
| Entry Threshold | HK$ 3,810 |
| Par Value | To be extracted |
| Offer Period | 2026-04-09 to 2026-04-14 |
| Global Offering Shares | 160,619,000 shares |
| HK Public Offer Shares (Initial) | 16,062,000 shares (10.0%) |
| Public Offer Lots (Initial) | 32,124lots (16,062lots, 16,062lots) |
| International Placing Shares (Initial) | 144,557,000 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | 1,700,106,840 shares |
| Greenshoe (Over-allotment Option) | No |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 37.1% |
| Clawback Tiers | 机制B-无回补 |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 1,223,916,780 |
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 500 | HK$ 3,810 |
| 2 lots | 1,000 | HK$ 7,620 |
| 3 lots | 1,500 | HK$ 11,430 |
| 4 lots | 2,000 | HK$ 15,240 |
| 5 lots | 2,500 | HK$ 19,050 |
| 6 lots | 3,000 | HK$ 22,860 |
| 7 lots | 3,500 | HK$ 26,670 |
| 8 lots | 4,000 | HK$ 30,480 |
| 9 lots | 4,500 | HK$ 34,290 |
| 10 lots | 5,000 | HK$ 38,100 |
| 20 lots | 10,000 | HK$ 76,200 |
| 30 lots | 15,000 | HK$ 114,300 |
| 40 lots | 20,000 | HK$ 152,400 |
| 50 lots | 25,000 | HK$ 190,500 |
| 60 lots | 30,000 | HK$ 228,600 |
| 70 lots | 35,000 | HK$ 266,700 |
| 80 lots | 40,000 | HK$ 304,800 |
| 90 lots | 45,000 | HK$ 342,900 |
| 100 lots | 50,000 | HK$ 381,000 |
| 200 lots | 100,000 | HK$ 762,000 |
| 300 lots | 150,000 | HK$ 1,143,000 |
| 400 lots | 200,000 | HK$ 1,524,000 |
| 500 lots | 250,000 | HK$ 1,905,000 |
| 600 lots | 300,000 | HK$ 2,286,000 |
| 700 lots | 350,000 | HK$ 2,667,000 |
| 800 lots | 400,000 | HK$ 3,048,000 |
| 900 lots | 450,000 | HK$ 3,429,000 |
| 1,000 lots | 500,000 | HK$ 3,810,000 |
| 1,200 lots | 600,000 | HK$ 4,572,000 |
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,400 lots | 700,000 | HK$ 5,334,000 |
| 1,600 lots | 800,000 | HK$ 6,096,000 |
| 1,800 lots | 900,000 | HK$ 6,858,000 |
| 2,000 lots | 1,000,000 | HK$ 7,620,000 |
| 4,000 lots | 2,000,000 | HK$ 15,240,000 |
| 6,000 lots | 3,000,000 | HK$ 22,860,000 |
| 8,000 lots | 4,000,000 | HK$ 30,480,000 |
| 10,000 lots | 5,000,000 | HK$ 38,100,000 |
| 12,000 lots | 6,000,000 | HK$ 45,720,000 |
| 14,000 lots | 7,000,000 | HK$ 53,340,000 |
| 16,062 lots | 8,031,000 | HK$ 61,196,220 |
| Market Cap (at Offer Price) | HK$ 12,954,814,120 |
|---|---|
| Pre-IPO Valuation (Last Round) | To be extracted |
| P/E Ratio | 不適用（公司處於虧損狀態） |
| Profit/Loss Status | 虧損人民幣427.9百萬元 |
| Period-End Cash Balance | To be extracted |
| Listing Expenses | To be extracted |
| Listing Expenses / Funds Raised | To be extracted |
| Total Pre-IPO Investment | To be extracted |
| First Day Close | HK$ 18.6 |
|---|---|
| First Day Open | HK$ 20.7 |
| First Day Change | 144.09% |
| First Day Volume | 134488000.0 |
| First Day Turnover | 2590290000.0 |
| Use of Proceeds | 1、約30.0%（或307.2百萬港元）將用于實施國際擴張策略； 2、約20.0%（或204.8百萬港元）將用于增強現有產品的功能，并推出新產品及╱或功能，以滿足現實世界空間及虛擬環境的需求； 3、約20.0%（或204.8百萬港元）將用于支持國內銷售及市場推廣活動，并提升品牌知名度； 4、約20.0%（或204.8百萬港元）將用于投資核心技術及基礎設施； 5、約10.0%（或102.4百萬港元）將用作營運資金及一般企業用途。 |
|---|
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | Hesai Hong Kong Limited | 23,507,700 HKD | — | 1.92% | — | 6 months | 2026-10-17 |
| 2 | Mirae Asset Securities Co., Ltd. | 39,182,040 HKD | — | 3.20% | — | 6 months | 2026-10-17 |
| 3 | Redwood Elite Limited | 62,693,550 HKD | — | 5.12% | — | 6 months | 2026-10-17 |
| 4 | 广发基金管理有限公司 | 62,689,740 HKD | — | 5.12% | — | 6 months | 2026-10-17 |
| 5 | 国惠(香港)控股有限公司 | 23,507,700 HKD | — | 1.92% | — | 6 months | 2026-10-17 |
| 6 | 华营建筑集团控股有限公司 | 23,507,700 HKD | — | 1.92% | — | 6 months | 2026-10-17 |
| 7 | 泰康人寿保险有限责任公司 | 101,875,590 HKD | — | 8.32% | — | 6 months | 2026-10-17 |
| 8 | 雾凇资本有限公司 | 39,182,040 HKD | — | 3.20% | — | 6 months | 2026-10-17 |
| 9 | 阳光人寿保险股份有限公司 | 78,364,080 HKD | — | 6.40% | — | 6 months | 2026-10-17 |
| Chairman | 黃曉煌 |
|---|---|
| Company Secretary | 盤嘉盈 |
| Major Shareholders & Holdings | 黃曉煌通過Wintermatch International Limited持股14.00%；陳航通過Ineffable International Limited持股10.00%；IDG Technology Venture Investment IV, L.P.持股7.06%；IDG Technology Venture Investment V, L.P.持股4.62%；何志成及周全各自被視為於IDG Venture IV及IDG Venture V持有的股份中擁有權益，合計11.68%；HH SUM-I Holdings Limited持股11.41%；GGV Capital V L.P.持股10.06%；Shunwei Growth III Limited持股7.84%；許達來被視為於Shunwei Growth III Limited及Astrend Opportunity III Alpha Limited持有的股份中擁有權益，合計8.83%；Coatue Management, L.L.C.被視為於Coatue PE Asia 36 LLC及Coatue PE Asia 73 LLC持有的股份中擁有權益，合計6.11%。 |
|---|
Market Sentiment
MANYCORE TECH attracted extreme investor demand, with the retail tranche oversubscribed by 1,590.56 times. The final hit rate of 11.84% reflects intense competition for allocations, consistent with the software sector's strong IPO enthusiasm. The offering priced at HK$7.62, with no price range dynamics to assess. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
The top of Tier A (甲尾) shows a notable inefficiency: applicants putting up 600,000 shares expect 0.879 lots, nearly identical to the 0.8702 lots expected for Tier B head (乙头) with 700,000 shares. This razor-thin difference makes the larger commitment in 乙头 hardly more efficient per lot received. Broker fee structures vary, but this tier pattern suggests that 甲尾 may offer marginally better cost efficiency for some investors. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice. Broker fee structures vary and actual costs may differ.)
Demographics
Demographic breakdowns for this IPO were not disclosed in the provided data, with zero values for total holders, mainland percentage, and HK percentage. Without this information, no patterns in regional or gender participation can be observed. Investors should verify any demographic claims against official HKEX filings, as data may be incomplete. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice. Data may contain errors or omissions; verify against official filings.)
