51WORLD (06651) made its debut on the stock exchange. The company's announcement indicated an issue price of HK$30.5 per share, with a total of 23.9752 million shares issued. Each board lot consists of 200 shares, and the net proceeds from the offering are approximately HK$652.8 million. At the time of writing, the stock was up 14.75%, trading at HK$35, with a turnover of HK$114 million.
Public information reveals that 51WORLD is a digital twin technology company based in China. The company has established comprehensive technical capabilities across the three key components of Physical AI—data fuel, spatial models, and training platforms. It has constructed a full-chain Physical AI closed-loop ecosystem encompassing "synthetic data - spatial intelligence models - simulation training platforms," creating technology and ecosystem barriers that are difficult to replicate. It is one of the few companies globally that genuinely possesses all three essential elements of Physical AI.
Regarding its commercial layout, 51WORLD has launched three core businesses: 51Aes (a digital twin platform), 51Sim (a synthetic data and simulation platform), and 51Earth (a digital Earth platform). The company's products and solutions have been widely adopted by over a thousand large and medium-sized enterprises worldwide, with its business spanning 19 countries and regions.
Its Physical AI product systems have also achieved commercial implementation in various vertical scenarios, including autonomous driving, transportation hubs, smart factories, and smart energy.
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