51WORLD (06651) has announced its initial public offering (IPO) subscription period from December 18 to December 23, 2025. The company plans to issue 23.9752 million shares globally, with 5% allocated to the Hong Kong public offering and 95% to international institutional investors. An additional 15% over-allotment option is included. The offer price is set at HK$30.5 per share, with each board lot consisting of 200 shares. Trading is expected to commence on the Hong Kong Stock Exchange on December 30, 2025.

The company is a China-based digital twin technology firm, specializing in 3D graphics, simulation, and artificial intelligence. Digital twin technology creates highly accurate virtual replicas of physical objects or systems (such as urban infrastructure or vehicles), enabling users to observe, analyze, and predict real-world behavior and changes over time.

Assuming the offer price of HK$30.50 per share, the company estimates net proceeds of approximately HK$653 million from the global offering (after deducting underwriting commissions and estimated expenses, excluding any over-allotment option). According to its strategic plan, the company intends to allocate the net proceeds as follows: around 80.0% for R&D initiatives, 10.0% for marketing campaigns in China and overseas markets, and the remaining 10.0% for working capital and general corporate purposes.