BlockBeats News, June 23rd. China's leading AI company, Intellimind (02513.HK), saw its valuation increase by about 130 times from the angel round to IPO. From the IPO at the beginning of the year to the intraday high on June 22nd, Intellimind's stock price surged by another 24.6 times. A total of 57 external investors invested a combined 8.36 billion RMB, with a total book value of approximately 770.8 billion HKD at the June 22nd intraday high. The overall return is about 85 times.

Among them, Origin Star Ventures had one of the most extreme returns in the fundraising. According to the prospectus, Origin Star Ventures invested about 20.37 million RMB in the angel round, corresponding to a post-investment valuation of about 407 million RMB. They ultimately reaped a market value of tens of billions of HKD at the intraday high, setting one of the most extreme return multiples in the history of China's AI primary market.

Investors in the Series A and Series B rounds also enjoyed returns of hundreds of times. Based on the rough calculation of the June 22nd intraday high and market value: Xu Xin's Sequoia Capital invested 255.3 million RMB in November 2023, receiving 11.35 million shares, roughly valued at over 30 billion HKD at the June 22nd intraday high, yielding over a hundredfold return; Meituan's investment of about 300 million RMB years ago has now returned over 150 times, with unrealized gains exceeding 5% of Meituan's market value; Lei Jun's Shunwei Capital invested 150 million RMB through Beijing Shunying, with a rough valuation of about 14.8 billion HKD at the June 22nd intraday high, resulting in a return of about 90 times. Shunwei's management scale is nearly 50 billion RMB, with Intellimind accounting for a quarter of the total scale. Legend Capital has the largest absolute unrealized gains. Its 6 follow-up investments totaled 454.7 million RMB, with a rough valuation of about 53.3 billion HKD at the June 22nd intraday high, yielding about 107 times return. Legend Capital's total management scale exceeds 90 billion RMB, and Intellimind's book value is close to half of the total management scale.