Manycore shares open up 175% in first day of Hong Kong trading

HONG KONG -- Shares of Manycore Tech, the first of Hangzhou's so-called six little dragons to be listed, surged 175% early in their trading debut on Friday, the company already having raised 1.22 billion Hong Kong dollars ($155.9 million) by selling over 160.6 million shares at HK$7.62 apiece.