Group 1 - The core viewpoint of the articles highlights the rising trend of IPOs among unicorn companies in China, particularly in the commercial aerospace sector, with Blue Arrow Aerospace initiating its IPO process [1][2] - Blue Arrow Aerospace, established on June 1, 2015, is one of the earliest private commercial rocket companies in China, with a registered capital of 360 million yuan [1] - As of July 2023, Blue Arrow Aerospace successfully launched the world's first liquid oxygen-methane carrier rocket, Zhuque-2, marking a significant milestone in its development [1] Group 2 - In the past three years, Shenzhen has seen seven unicorn companies go public, with notable listings on the Hong Kong Stock Exchange and the Shanghai Stock Exchange's Sci-Tech Innovation Board [2] - Among the 42 unicorn companies in Shenzhen, 12 have plans for an IPO, including Huolala, which submitted its application to the Hong Kong Stock Exchange in April 2025 [2]