On April 17, 2026, Koolar Technology made its official debut on the main board of the Hong Kong Stock Exchange (HKEX), trading under the ticker symbol '0068.' It became the first among 'Hangzhou’s Six Little Dragons'—a group of leading tech firms—to achieve an initial public offering (IPO), earning recognition as a 'Global Leader in Spatial Intelligence.' The IPO involved the issuance of 160.619 million shares, with the Hong Kong public offering being oversubscribed by a staggering 1,590.56 times and the international offering by 14.46 times. This strong demand attracted a diverse array of cornerstone investors. On its first trading day, Koolar Technology’s stock price surged by over 170% at the opening bell, briefly pushing its market capitalization past HK$37 billion during the session.

Since its inception in 2011, Koolar Technology has focused on GPU-based simulation and computational physics research, pioneering the integration of AI technology into the physical world. The company boasts well-known software products like "Coohom" and its spatial intelligence platform, "SpatialVerse." By constructing a comprehensive ecosystem encompassing 'spatial editing tools—spatial data—spatial large models,' Koolar Technology has achieved notable commercial success. In 2025, the company reported revenues of RMB 820 million and successfully turned a profit, with an adjusted net income of RMB 57 million.

From a technological standpoint, Koolar Technology’s spatial language model, SpatialLM, quickly climbed to the top three on HuggingFace’s model trending list after being open-sourced. Meanwhile, its dataset, InteriorGS, ranked first on the dataset trending list. Between 2023 and 2025, the company invested over RMB 1 billion in research and development, with R&D personnel making up approximately 41.5% of its workforce.

Additionally, Koolar Technology has forged partnerships with numerous enterprises and secured support from renowned investment institutions such as IDG Capital and Hillhouse Ventures. Linear Capital, IDG Capital, and others invested in and provided long-term support to the company, driven by confidence in the team’s technical expertise and innovative spirit. Hillhouse Ventures also contributed by offering assistance in leveraging industrial resources.

Looking ahead, Koolar Technology is well-positioned to unlock even greater value in the era of physical AI.