Data compiled by Woofun AI shows that Intellimind (02513.HK) achieved a valuation expansion of approximately 130 times from its angel round to its initial public offering. Following the listing earlier this year, the stock price climbed an additional 24.6 times to reach an intraday peak on June 22nd. This trajectory enabled 57 external investors, who contributed a combined 8.36 billion RMB, to realize a total book value of roughly 770.8 billion HKD at the peak, translating to an aggregate return of about 85 times.

Origin Star Ventures secured one of the most significant multiples in the primary market, investing 20.37 million RMB in the angel round for a post-money valuation of 407 million RMB, which later expanded to a market value in the tens of billions of HKD.

Concurrently, later-stage backers experienced substantial gains; Xu Xin's Sequoia Capital saw its 255.3 million RMB Series A investment yield over a hundredfold return, while Meituan's earlier 300 million RMB stake appreciated more than 150 times. Lei Jun's Shunwei Capital achieved approximately 90 times return on its 150 million RMB commitment, and Legend Capital recorded the largest absolute unrealized gains with a 107 times return on its 454.7 million RMB follow-on investments.