GALAXIS TECH (02729), a leader in logistics robotics, launched its initial public offering from March 16 to March 19. The company plans to issue 36.798 million shares, with each board lot consisting of 200 shares and an entry fee of HK$4,121.15. It is expected to list on March 24. The IPO has received enthusiastic market response. As of March 18, the offering had generated HK$1.967 billion in margin financing from brokers, representing an oversubscription of 26.20 times. This demonstrates strong investor recognition of the company's investment value.
GALAXIS TECH is a rare full-stack smart intra-logistics robotics enterprise in China. Its core business focuses on providing products and solutions for the entire process of smart intra-logistics, establishing a solid leading position in the industry. According to Frost & Sullivan data, based on 2024 revenue, GALAXIS TECH ranks among the top five comprehensive smart intra-logistics robotics companies in China. Notably, the company is one of the few globally that masters full-stack robotics technology and possesses a comprehensively self-developed robotics product portfolio. It is also among the few enterprises that have achieved full coverage of core intra-logistics functions, capable of meeting all height and payload requirements across various scenarios.
On the business front, the company's full-stack application scenarios have achieved substantial incremental implementation. Leveraging its precise customization capabilities, GALAXIS TECH's application scenarios have expanded from traditional warehouses to various facility types such as multi-story warehouses and high-standard warehouses, extending from the distribution sector to the manufacturing sector. This enables the company to meet material handling needs across all scenarios and adapt to the personalized logistics demands of multiple industries, including automotive, new energy, and pharmaceuticals. This strong market adaptability is reflected in its order volume: as of September 30, 2025, the company had served 861 clients spanning 29 industries and implemented over 1,600 projects, including several large-scale benchmark projects each valued over hundreds of millions.
GALAXIS TECH continues to lead with its three core advantages: technology, application scenarios, and ecosystem, demonstrating a clear growth trajectory. Its solid fundamentals, combined with positive profit expectations, have collectively driven the high demand for this IPO. As the first listed company specializing in full-stack smart intra-logistics robotics, the subsequent performance of GALAXIS TECH in the capital markets warrants attention.