Stock Track | MANYCORE TECH Soars 5.32% Intraday as IPO Stabilization Period Concludes

Stock Track05-19

MANYCORE TECH's stock surged 5.32% during Tuesday's intraday trading session following the recent conclusion of its post-IPO price stabilization period.

The company announced the completion of its 30-day stabilization period, which ended on May 14, 2026. During this period, J.P. Morgan Securities (Asia Pacific) Limited, acting as Stabilizing Manager, over-allocated 24.09 million shares in the International Offering and fully exercised the over-allotment option at the IPO offer price of HK$7.62 per share.

With the stabilization period now concluded and no further market interventions for price support, investors appear to be responding positively to the successful navigation of the post-listing phase and the indication of sufficient demand that led to the full exercise of the over-allotment option.

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