According to the latest round of financing of Glory, six institutions, including Guo Xin Capital, Shenzhen Baoan District Investment Management Group Co., Ltd. and Admiralty Qizhi (Shanghai) Equity Investment Center (Limited Partnership), which are owned by Shenzhen State-owned assets, are new shareholders who have joined Glory.
Glory is considering listing in 2022 and seeking financing at a valuation of $45 billion. Market speculation, if the IPO, Glory's listing plan may take 3-5 years, so the backdoor probability is relatively greater.