---
title: "QunHe Technology IPO entry fee is HKD 3,898.43, a Chinese cloud-native space design software provider and one of the \"Six Little Dragons of Hangzhou.\""
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282141818.md"
description: "MANYCORE TECH (MANYCORE TECH, IPO, plans to issue over 160 million shares, with 10% for public offering in Hong Kong, offering price between HKD 6.72 and HKD 7.62, with a board lot of 500 shares, entry fee approximately HKD 3,898.43. The subscription period is from today (9th) to April 14th, with trading expected to start on April 17th. JP Morgan and CCB International are the joint sponsors, with cornerstone investors including Taikang Life and Sunshine Insurance, collectively subscribing for USD 58 million worth of shares"
datetime: "2026-04-09T06:07:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282141818.md)
  - [en](https://longbridge.com/en/news/282141818.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282141818.md)
---

# QunHe Technology IPO entry fee is HKD 3,898.43, a Chinese cloud-native space design software provider and one of the "Six Little Dragons of Hangzhou."

MANYCORE TECH (0068.HK) (QunHe Technology), a Chinese cloud-native spatial design software provider and one of the "Six Little Dragons of Hangzhou," is launching an IPO, intending to issue over 160 million shares, with 10% available for public offering in Hong Kong. The offer price per share is between HKD 6.72 and HKD 7.62, with a minimum investment of 500 shares, resulting in an entry fee of approximately HKD 3,898.43. The subscription period starts today (9th) and ends on April 14th, with shares expected to begin trading on April 17th. JP Morgan and CCB International are the joint sponsors and overall coordinators.

Cornerstone investors include Taikang Life Insurance, Sunshine Insurance (06963.HK) under Sunshine Life, GF Fund, Jinyong Investment (01328.HK), Mirae Asset Securities, Wusong Capital, Hesai-W (02525.HK), Guohui (Hong Kong), and Huaying Construction (01582.HK). Based on the offer price of HKD 6.72 per share, Sunshine Life will subscribe for USD 10 million, and Hesai will subscribe for USD 3 million. Cornerstone investors will collectively subscribe for USD 58 million of the offered shares.

The company expects to net approximately HKD 1.024 billion, with about 30% allocated for implementing international expansion strategies; about 20% for enhancing existing product functionalities; about 20% for supporting domestic sales and marketing activities; about 20% for investing in core technologies and infrastructure; and about 10% for working capital and general corporate purposes.

QunHe Technology is a leading provider of cloud-native spatial design software in China, with products widely used in business scenarios ranging from residential and office buildings to retail stores and commercial projects. The company's software is driven by artificial intelligence (AI) technology and dedicated graphics processing unit (GPU) clusters, enabling designers and businesses to create engaging designs and experience them through real-time and immersive visual effects. Designs created with the company's software can be converted into producible drawings, thus supporting automated production processes. Major product categories include CoolJiaLe and Coohom

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