First day of the IPO | May Day Vision (06651) first listing opened 14.75% higher in early trading, the company impacted the “First Physical AI Stock”

The Zhitong Finance App learned that May Day Vision (06651) was first listed. The announcement showed that each share was priced at HK$30.5. A total of 239.752 million shares were issued, with a total of 200 shares per lot, with a net proceeds of about HK$652.8 million. As of press release, it rose 14.75% to HK$35, with a turnover of HK$114 million.

According to public information, May Day Vision is a digital twin technology company in China. The company has built perfect technical capabilities on the three key components of physical AI (data fuel, spatial model, and training platform), and has built a full-chain physical AI closed-loop ecosystem of “synthetic data - spatial intelligence model - simulation training platform”, forming technical and ecological barriers that are difficult to replicate. It is one of the few companies in the world that actually has the three elements of physical AI.

In terms of commercialization, May Day Vision has launched three core businesses, namely 51Aes (digital twin platform), 51Sim (synthetic data and simulation platform), and 51Earth (digital earth platform). The company's products and solutions have been widely used by more than 1,000 large and medium-sized enterprises around the world, and its business covers 19 countries and regions around the world. Its physical AI product systems have also been commercialized in vertical scenarios such as intelligent driving, transportation hubs, smart factories, and smart energy.