Sky9 Capital Portfolio Company 51WORLD Lists on the Main Board of the HKEX

On December 30, 2025, Sky9 Capital portfolio company, 51WORLD, listed on the Main Board of the Hong Kong Stock Exchange today under the stock code 6651. This listing serves as the final Chapter 18C specialist technology IPO on the HKEX for the year.

In this IPO, 51WORLD issued a total of 23,975,200 shares, raising HKD 731 million in total proceeds. The Hong Kong Public Offering was 258 times oversubscribed, while the International Offering saw strong demand from a diverse group of investors, including domestic and international long-only funds, hedge funds, and strategic investors.

Upon opening, 51WORLD’s share price reached HKD 39.8, a 30% increase from the offering price of HKD 30.5, with its market capitalization exceeding HKD 16 billion.

Founded in February 2015, 51WORLD is a technology company dedicated to “cloning the 510 million square kilometers of earth.” Through long-term investment in its core competencies—3D graphics, computer simulation, and artificial intelligence, the company has launched three major business platforms: 51Aes (Digital Twin Platform), 51Sim (Autonomous Driving Simulation Platform), and 51Earth (Digital Earth Platform).

Ron Cao, Founding Partner of Sky9 Capital, first lead 51WORLD’s Series A round in 2015 and followed up with five consecutive investment rounds over the next five years.

Throughout a decade of development, 51WORLD has evolved from a VR technology pioneer into a digital infrastructure company. Under the leadership of founder Archer Li, the team has a combined deep technical foundation with exceptional execution capabilities and has implemented landmark cases across autonomous driving, transportation hubs, smart factories, and energy sectors. Sky9 Capital remains bullish on the company’s potential to use digital twin technology to enhance production efficiency and reshape how the physical world operates.

Ron Cao, Founding Partner of Sky9 Capital, commented: “Congratulations to Archer Li and the 51WORLD team! Since the company’s inception, 51WORLD has consistently used technology as its foundation to build core barriers in the sector. Archer possesses the ambition to dream big and the execution capabilities to turn goals into reality. This IPO is a milestone in our journey of long-term success and is the start of a new chapter. As a long-term partner, Sky9 Capital will continue to support the company as it leverages digital technology to reshape the efficiency and future of the physical world.”