Asia Tech Wire (Aug 7) -- Chinese 3D design software maker Manycore Tech Inc. said it has no comment on rumors of a Hong Kong IPO.

This follows a Bloomberg report that Manycore Tech plans to go public in Hong Kong as soon as this year, raising as much as $200 million.

The July report said the company had hired CCB International and JPMorgan Chase to advance its listing plans.

In response, Manycore Tech said Wednesday, "No comment on some market rumors. "

Founded in November 2011, Manycore Tech focuses on the development and application of technologies for cloud design systems and 3D content production, with a corporate valuation of more than $1 billion.

The company currently has brands such as Kujiale, Coohom, Modaiyun and Meijian, and its services cover more than 200 countries and regions.