Hangzhou AI Firm Manycore Surges 172% on Hong Kong IPO Debut
Manycore Tech, a Hangzhou-based design software developer counted among the city's celebrated 'Six Little Dragons', made a spectacular Hong Kong stock exchange debut with shares opening at HK$20.70, up 172% from the IPO offer price of HK$7.62. The company, which positions itself at the intersection of artificial intelligence and the physical world, raised HK$1.09 billion from its initial public offering.
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