51WORLD, officially known as Beijing 51World Digital Twin Technology Co., Ltd., has initiated its global IPO, offering 23.975 million shares at HK$30.5 per share, with a 15% over-allotment option. The offering could raise up to HK$841 million. The subscription period runs from December 18 to December 23, 2025, with an expected listing on the Hong Kong Stock Exchange on December 30, 2025. Upon successful listing, 51WORLD will become the first "Physical AI" stock in Hong Kong.
Founded in 2015, 51WORLD is a leader in the Physical AI sector, combining scarcity and growth potential. The company has heavily invested in and developed core competencies across 3D graphics, simulation, and artificial intelligence. Its three main business segments include 51Aes (digital twin platform), 51Sim (synthetic data and simulation platform), and 51Earth (digital Earth platform). Its products and solutions are widely adopted by over 1,000 large and medium-sized enterprises across 19 countries and regions.
51WORLD boasts a strong shareholder base, featuring industry giants, top-tier investment institutions, state-backed capital, and renowned individual investors, creating a synergy of "industrial empowerment + capital support." On the industrial front, Moore Threads Technology Co.,Ltd. (688795) joined as a strategic investor, providing not only financial backing but also technological collaboration and ecosystem expansion. Moore Threads, a leading domestic GPU company, recently went public on the STAR Market with a market cap exceeding 400 billion yuan.
On the capital side, 51WORLD has attracted interest from top-tier investors, including state-backed entities like Nanning Finance and well-known institutions such as Lightspeed and CloudNine. Additionally, the company has drawn investments from seasoned individual investors like Ge Weidong and Francis Leung. The strong backing from high-profile shareholders and the market's enthusiasm underscore 51WORLD's competitive edge in technology and business models, as well as the capital market's recognition of its industry potential.
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