
Zhejiang widens 2026 A-share listing lead with Zhoushan electric motor IPO
Zhejiang has remained one of China’s most active IPO regions, with the province accounting for eight deals — roughly a quarter of the total in the first quarter of 2026.

Zhejiang has remained one of China’s most active IPO regions, with the province accounting for eight deals — roughly a quarter of the total in the first quarter of 2026.

While corporate registration changes completed in March 2026 often precede IPOs, Zhu reiterated the company is concentrating on product launches rather than listing in the near term.

The offering marks Manycore as the first global space-intelligence company to go public and the first among Hangzhou’s so-called “Six Little Dragons” to hit the capital markets.

Jiangsu ranked second with five listings, followed by Guangdong and Anhui with two each, highlighting Zhejiang’s widening lead in both listing volume and fundraising scale.

Tongshifu’s heavy reliance on copper-based products also leaves earnings sensitive to fluctuations in metal prices.

This latest development also positions Manycore Tech as potentially the first public company focused on spatial intelligence globally.

Unitree’s IPO bid follows the success of Shenzhen-based UBTech, which was the first humanoid robotics company to list on the Hong Kong Stock Exchange in late 2023.