五一视界港股招股：最高募资超8亿

Core Viewpoint - 51WORLD, a leading company in the Physical AI sector, has officially launched its IPO, planning to list on the Hong Kong Stock Exchange on December 30, 2025 [1] Group 1: IPO Details - The share price for 51WORLD is set at HKD 30.5, with a total global offering of 23.975 million shares, including 1.199 million shares for Hong Kong and 22.776 million shares for international placement, along with a 15% over-allotment option [3] - If the over-allotment option is not exercised, the expected fundraising is HKD 731 million; if fully exercised, the maximum fundraising could reach HKD 841 million [3] Group 2: Business Model and Market Presence - 51WORLD has developed a complete Physical AI ecosystem consisting of "synthetic data - spatial intelligence model - simulation training platform," making it one of the few companies globally with these three components [3] - The company has launched three core business areas, with its products and solutions being utilized by over 1,000 large and medium-sized enterprises across 19 countries and regions [3] Group 3: Financial Performance - Revenue is projected to grow steadily from HKD 170 million in 2022 to HKD 287 million in 2024, while losses during this period have narrowed [3] - If the market responds positively to the IPO, the stock price is expected to rise steadily, addressing the value gap in the AI hard technology sector [3]