Beijing 51WORLD Digital Twin Technology Co., Ltd. (6651.HK) has launched its Hong Kong IPO, with the subscription period running from December 18 to December 23. The company plans to issue approximately 23,975,200 H-shares globally, with a 15% over-allotment option. The offer price is set at HK$30.50 per share, with 200 shares per board lot, and the entry fee is approximately HK$6,161.51. The shares are expected to be listed on the Hong Kong Stock Exchange on December 30, with CICC and Huatai Financial Holdings (Hong Kong) Limited as joint sponsors.

51WORLD: A Tech Company Focusing on Digital Twin Technologies in Three Key Areas

Issuance Ratio: 5% for Hong Kong public offering (1,198,800 shares), 95% for international placing (22,776,400 shares).

Offer Price: HK$30.50 per share; 200 shares per lot; entry fee approximately HK$6,161.51.

Offering Period: December 18–23 (Expected pricing date: December 23).

Listing Date: December 30.

IPO Sponsors: CICC (China International Capital Corporation), Huatai Financial Holdings (Hong Kong) Limited.

Company Overview

51WORLD is a Chinese digital twin technology company, focusing on three core technologies: 3D graphics, simulation, and artificial intelligence. The company provides digital twin solutions across more than ten industries, including urban development, water resources, energy, automotive, and transportation. It operates three main business platforms: 51Aes (Digital Twin Development and Application Platform), 51Sim (Synthetic Data and Simulation Platform), and 51Earth (Digital Twin World Platform). According to Frost & Sullivan, the company’s products and solutions fall under the eligible sector of the Hong Kong Stock Exchange’s specialized technology industry.

Financial Information

According to the prospectus, 51WORLD’s revenue for 2022–2024 was approximately RMB 170 million, RMB 256 million, and RMB 287 million, respectively, with net losses of approximately RMB 190 million, RMB 87 million, and RMB 79 million in the same periods. In the first half of 2025, the company reported a revenue of approximately RMB 54 million and a net loss of approximately RMB 94 million. Based on the offer price of HK$30.50 per share, assuming the over-allotment option is not exercised, the company expects to raise net proceeds of approximately HK$653 million. The funds will be used for research and development initiatives (about 80%), marketing activities in China and overseas (about 10%), and working capital and general corporate purposes (about 10%).

uSMART launches “HK IPO Fee-Waiver Offer” – subscribe to new shares at zero cost

Margin subscription: 0 % interest, leverage up to 10×

Cash subscription: HK$0 handling fee

Grey-market trading supported

* 0 % interest applies to margin subscription amounts of HK$20 million or below.

^ All handling fees are waived for cash subscriptions.

This promotion is effective from 5 December 2025 until further notice. Certain high-profile IPOs may be excluded. The actual interest rates and fees charged are those shown in the uSMART App subscription interface; statutory government and exchange levies will still apply. The company reserves the right to amend, suspend or terminate the above offer or its terms and conditions at any time without prior notice, and its interpretation shall be final.

How to Subscribe for 51WORLD via uSMART HK

The uSMART HK App features an IPO Centre with exclusive perks, allowing clients to subscribe instantly to public offerings. After logging into the app, tap "Trade" at the bottom-right, go to "IPO Subscription," select 51WORLD, tap "Public Offer," enter your subscription quantity, and submit your order.

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