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<IPO>MANYCORE TECH Sees HK as Starting Point to Deepen Int'l Expansion
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MANYCORE TECH (00068.HK), known as one of Hangzhou's "Six Little Dragons", not only opened at HKD20.7 on debut today (17th), up 171.7% from its listing price of HKD7.62, but it also managed to reach a peak of HKD21.86, nearly 1.9 times the offer price. It last traded at HKD18.18, almost 1.4 times the listing price, involving HKD2.463 billion.

Positioning Hong Kong as the base for international operations, Zhu Hao, MANYCORE TECH's co-founder, said the company will use this city as a starting point to further expand its global business.

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Besides MANYCORE TECH, GPIXEL (03277.HK), a Chinese image sensor supplier, also made its debut today. It opened at HKD72, up 80.5% from its offer price of HKD39.88. After reaching an intraday high of HKD85, it was last at HKD71.9, with a turnover of HKD1.783 billion.

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