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<IPO> MANYCORE TECH (00068.HK) Oversubscribed 1,589.56x; Subscription of 0.9M Shares Secures One Board Lot
MANYCORE TECH (00068.HK) announced its IPO results. The Hong Kong public offering was oversubscribed by 1,590.56 times. The success rate for one board lot (500 shares) was 3%, and ...
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<IPO> MANYCORE TECH (00068.HK) Oversubscribed 1,589.56x; Subscription of 0.9M Shares Secures One Board Lot
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MANYCORE TECH (00068.HK)  +10.980 (+144.094%)   announced its IPO results. The Hong Kong public offering was oversubscribed by 1,590.56 times. The success rate for one board lot (500 shares) was 3%, and a subscription of 900,000 shares is required to secure one board lot. The international offering was oversubscribed by 14.46 times. The final offer price was set at HKD7.62, the top end of the price range, raising net proceeds of HKD1.092 billion. The shares are expected to be listed on Friday (17th).

MANYCORE TECH (Qunhe Technology), a China-based provider of cloud-native spatial design software, proposed to globally offer 160 million shares, with the public offering accounting for 10%. The offer price ranged between HKD6.72 and HKD7.62. Nine cornerstone investors, including Taikang Life, Sunshine Life, GF Fund, Redwood, Wusong Capital and China State Construction (01582.HK)  0.000 (0.000%)   , subscribed for a total of 59.647 million shares, representing 37.14% of the total offering. The last lock-up undertaking date is October 16, 2026. (de/d)(HK stocks quote is delayed for at least 15 mins.)

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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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