On its first day of trading, ClusterCore Technology surged 171% at the opening, with Futu playing a key role in supporting the listing of the 'world’s first spatial intelligence stock'

On April 17, 2026, the world's first spatial intelligence stock —— $MANYCORE TECH (00068.HK)$ successfully listed on the main board of the Hong Kong Exchange, also the first listed company among Hangzhou's 'Six小龙'.

As the joint bookrunners and joint lead managers for this IPO, Futu fully leveraged its technological trading platform advantages to efficiently reach high-quality investor groups during the public offering phase. It led the entire market with a subscription amount of 88.4 billion Hong Kong dollars and over 60,000 subscribers, laying a solid foundation for ClusterCore Technology's post-listing liquidity and trading activity. Meanwhile, Futu Finance, as ClusterCore Technology's financial PR service provider, ensured smooth sailing for the company's IPO. In the future, Futu will continue to support companies with one-stop comprehensive services, helping them achieve long-term success in the capital markets.

ClusterCore Technology is a global leader in spatial intelligence services. Its product portfolio includes China's largest spatial design platform, Kujiale, and its international version Coohom, as well as SpatialVerse, a next-generation spatial intelligence solution for indoor environment AI development.

According to the prospectus, the company's revenue increased from RMB 664 million in 2023 to RMB 755 million in 2024, and further grew to RMB 820 million in 2025. The gross profit margins for 2023, 2024, and 2025 were 76.8%, 80.9%, and 82.2%, respectively. The adjusted net loss decreased by 71.0% from RMB 242 million in 2023 to RMB 70 million in 2024, and the company recorded its first adjusted net profit of RMB 57.1 million in 2025.

According to the prospectus, the company intends to use the proceeds from the global offering for the following purposes in the amounts set forth below:

Approximately 30.0% will be used to implement the company’s international expansion strategy; around 20.0% will be allocated to enhance the functionality of existing products and launch new products or features to meet the needs of real-world spaces and virtual environments; about 20.0% will support the company's domestic sales and marketing activities and enhance brand awareness; roughly 20.0% will be invested in the company’s core technologies and infrastructure; and approximately 10.0% will be used as working capital and for general corporate purposes.

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As a leading digital financial technology company, Futu, supported by an investor ecosystem of over 29.18 million and a comprehensive corporate service system, is able to provide companies with end-to-end services throughout the pre-IPO, IPO, and post-IPO phases. These include a one-stop ESOP option management solution, Hong Kong and US stock IPO distribution, investor relations (IR) and public relations (PR), financial public relations services, international placement, secondary trading services, and other core services.

As of Q4 2025, more than half of the top ten companies in terms of Hong Kong IPO fundraising amounts have collaborated with Futu. Nearly half of the Hong Kong IPO projects in Q4 were in cooperation with Futu. The total subscription amount for Hong Kong IPOs on the Futu platform reached 3.5 trillion Hong Kong dollars in Q4, firmly ranking first in the market. Futu’s capabilities in US IPOs have attracted attention, as all retail clients who subscribed to popular new stocks such as Bullish, Figure, and Gemini were successfully allocated shares.

As of Q4 2025, Futu's corporate services have reached 1,161 clients, providing IPO distribution and IR services to 600 enterprises. It has assisted 387 companies, including Meituan, Kuaishou, Xiaomi, Baidu, KE Holdings, JD Health, and Bilibili, in successfully listing in Hong Kong and the United States. Futu has cumulatively signed contracts with 830 ESOP clients, and a total of 1,300 listed companies are now hosted on the Futu platform.

In the future, Futu will fully leverage its resources and market influence to provide more professional and efficient services to a wider range of clients!

*Securities-related businesses such as IPO distribution are provided by licensed subsidiaries under Futu.

*Data source: Market value calculated based on the first day of listing.

*Data source: Futu's Q4 2025 earnings report

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