Global Healthcare Analyst

Tina Banerjee

Equity Capital Markets

<ul>
<li>Manycore Tech launched its Hongkong IPO aiming to raise up to HK$1.2B (~ US$ 156M). It is a leading provider of cloud-native spatial design software in China.</li>
<li>Manycore Tech intends to use the IPO proceeds for international expansion strategy, enhance product capabilities, sales and marketing initiatives and technology enhancement.</li>
<li>Manycore Tech has inherent potential to scale itself up but the valuation that the company is seeking from this issue seems a tad bit overvalued. Investors can avoid for now.</li>
</ul>


Manycore Tech launched its Hongkong IPO aiming to raise up to HK$1.2B (~ US$ 156M). It is a leading provider of cloud-native spatial design software in China.
Manycore Tech intends to use the IPO proceeds for international expansion strategy, enhance product capabilities, sales and marketing initiatives and technology enhancement.
Manycore Tech has inherent potential to scale itself up but the valuation that the company is seeking from this issue seems a tad bit overvalued. Investors can avoid for now.


Manycore Tech IPO: Design Not Fullproof Enough For Investors To Take The Bet

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/manycore-tech-inc" target="_blank" data-smartkarma-citation="entities:46412:1" rel="noopener">Manycore Tech (68 HK)</a>, a leading spatial design software provider, has launched an HKEx IPO to raise US$156 million.</li>
<li>I previously discussed the IPO in <strong><em><a href="https://www.smartkarma.com/insights/manycore-tech-68-hk-ipo-the-investment-case" target="_blank" data-smartkarma-citation="insights:230492" rel="noopener">Manycore Tech (68 HK) IPO: The Investment Case</a></em></strong>.</li>
<li>In this note, I present my forecasts and valuation. My analysis suggests that the IPO price range is unattractive.</li>
</ul>



Manycore Tech (68 HK), a leading spatial design software provider, has launched an HKEx IPO to raise US$156 million.
I previously discussed the IPO in Manycore Tech (68 HK) IPO: The Investment Case.
In this note, I present my forecasts and valuation. My analysis suggests that the IPO price range is unattractive.


Manycore Tech (68 HK) IPO: Valuation Insights

APAC IPOs & Placements, Aequitas Research

Nicholas Tan

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/manycore-tech-inc" target="_blank" data-smartkarma-citation="entities:46412:1" rel="noopener">Manycore Tech (68 HK)</a> is looking to raise up to US$156m in its upcoming Hong Kong IPO.</li>
<li>It is a disruptive design and visualization platform powered by artificial intelligence (AI) technologies and purpose-built graphic processing unit (GPU) clusters.</li>
<li>In this note, we examine the IPO dynamics, and look at the firm’s valuation.</li>
</ul>



Manycore Tech (68 HK) is looking to raise up to US$156m in its upcoming Hong Kong IPO.
It is a disruptive design and visualization platform powered by artificial intelligence (AI) technologies and purpose-built graphic processing unit (GPU) clusters.
In this note, we examine the IPO dynamics, and look at the firm’s valuation.


Aequitas: Manycore IPO - Anemic Topline Growth, More Expensive than Peers

<ul>
<li>
<a href="https://www.smartkarma.com/entities/manycore-tech-inc" target="_blank" data-smartkarma-citation="entities:46412:1" rel="noopener">Manycore Tech (68 HK)</a>, a leading spatial design software provider, has launched an HKEx IPO to raise US$156 million.   </li>
<li>The software product suite centres on Kujiale, a cloud-native spatial design software targeting the Chinese market. It allows users to create 3D renderings of home interior layouts.</li>
<li>The investment case is bearish due to the tepid growth, stagnant market share, early indications of customer retention issues and cash burn.</li>
</ul>



Manycore Tech (68 HK), a leading spatial design software provider, has launched an HKEx IPO to raise US$156 million.   
The software product suite centres on Kujiale, a cloud-native spatial design software targeting the Chinese market. It allows users to create 3D renderings of home interior layouts.
The investment case is bearish due to the tepid growth, stagnant market share, early indications of customer retention issues and cash burn.


Manycore Tech (68 HK) IPO: The Investment Case

<ul>
<li>
<a href="https://www.smartkarma.com/entities/manycore-tech-inc" target="_blank" data-smartkarma-citation="entities:46412:1" rel="noopener">Manycore Tech (1899167D HK)</a> is looking to raise up to US$180m in its upcoming Hong Kong IPO.</li>
<li>It is a fast-growing, disruptive design and visualization platform powered by artificial intelligence (AI) technologies and purpose-built graphic processing unit (GPU) clusters.</li>
<li>We have looked at the firms' past performance in our previous note. In this note, we talk about the PHIP updates</li>
</ul>



Manycore Tech (1899167D HK) is looking to raise up to US$180m in its upcoming Hong Kong IPO.
It is a fast-growing, disruptive design and visualization platform powered by artificial intelligence (AI) technologies and purpose-built graphic processing unit (GPU) clusters.
We have looked at the firms' past performance in our previous note. In this note, we talk about the PHIP updates


Aequitas: Manycore PHIP Update - Customer Count Under Pressure but Just Turned Profitable

China

Manycore Tech is a provider of spatial intelligence services, developing technologies for spatial data, tools, and models. Its platforms, including Kujiale and Coohom, support applications such as spatial design, 3D content creation, digital twins, and AI training. The company is headquartered in Hangzhou, China, and was founded in 2011.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Manycore Tech (68 HK)

Manycore Tech IPO: Design Not Fullproof Enough For Investors To Take The Bet

Manycore Tech launch Hong Kong IPO to raise funds for enhancing R&D capabilities, international expansion, marketing and product enhancement....

Tina Banerjee