BRIEF: 51World launches $94 million Hong Kong IPO
Digital twin technology company Beijing 51World Digital Twin Technology Co. Ltd. (6651.HK) launched its Hong Kong IPO on Thursday, aiming to sell 24 million shares for HK$30.50 apiece to raise about HK$730 million ($94 million). Shares will be sold in lots of 200, requiring investors to pay HK$6,161.51 per lot. Subscriptions will close on Dec. 23, with trading set to begin Dec. 30.
Digital twin technology is used to create highly accurate virtual replicas of physical objects or systems using 3D graphics, and simulation and AI technology. Its applications range across various sectors, enabling the simulation and planning of scenarios impacting the real world, such as urban development, traffic management and emergency response.
Since its inception, 51World has completed eight funding rounds, raising over 800 million yuan. Its investors include LS 51World, Sky9 51World, and SenseTime (0020.HK).
51World has lost money in each of the last three years. Its revenue rose 62% year-on-year in the first half of 2025 to 53.82 million yuan ($7.6 million), while its loss widened by 44.5% to 94.09 million yuan.
By Lau Chi Hang
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