We advised the underwriters on the IPO and HKEX listing
 

Davis Polk advised the underwriters in connection with Manycore Tech Inc.’s initial public offering and listing on the Hong Kong Stock Exchange and its international offering pursuant to Rule 144A / Regulation S. The gross proceeds from the offering were approximately HK$1.2 billion prior to the exercise of the over-allotment option.

Manycore Tech is a leading provider of cloud-native spatial design software in China, adopted across a wide range of business scenarios, from residences and office buildings to retail stores and commercial projects. Its product suite centers on Kujiale, a cloud-native spatial design software in China offering rapid drag-and-drop 3D design, instant photorealistic rendering, an extensive model library and BIM capabilities. Internationally, it offers Coohom, a localized spatial design software tailored to markets across Asia and the United States, featuring region-specific design interfaces and model libraries and supporting 18 languages. Beyond its software products, Manycore Tech provides professional services, which primarily include modeling services, technical deployment services and customer trainings. Through SpatialVerse, launched in 2024, Manycore Tech creates realistic and physically accurate synthetic 3D datasets.

The Davis Polk corporate team included partners Li He and Jason Xu, counsel – registered foreign lawyer Kevin Zhang and associates Edwin Lee, Jason Ng and Ching Suen. Counsel Dustin Plotnick and associate Kelli A. Rivers provided tax advice. Members of the Davis Polk team are based in the Hong Kong, Beijing, London and New York offices.

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