The Hong Kong IPO market has welcomed a new record-breaker in oversubscription. According to the latest statistics, as of March 19, GALAXIS TECH (02729), a leading logistics robotics company set to list next Tuesday (March 24), received unprecedented market demand. Its public offering segment attracted subscriptions from over 100,000 investors, involving funds totaling up to HK$163.4 billion, resulting in an oversubscription rate of 2,154 times.

GALAXIS TECH conducted its share offering from March 16 to March 19, planning a global issuance of 36.798 million shares. Each board lot consists of 200 shares, with a maximum entry fee of HK$4,121.15. The company is expected to officially list on March 24.

It is understood that GALAXIS TECH is a rare full-stack smart intra-factory logistics robotics enterprise in China. Its core business focuses on providing products and solutions for the entire smart intra-factory logistics process, having established a solid leading position within the industry. According to data from Frost & Sullivan, based on 2024 revenue, GALAXIS TECH ranks among the top five comprehensive smart intra-factory logistics robotics companies in China.

In terms of product portfolio, GALAXIS TECH has built a product matrix covering all scenarios. Its main product lines include Multi-directional Shuttle Robots (MSR), Autonomous Mobile Robots (AMR), and Conveyor Sortation Robots (CSR). These possess core functions for storage, sorting, and handling, enabling the company to provide one-stop intelligent intra-factory logistics solutions for clients across different industries and scales. This has formed its core product advantage of "full-scenario coverage + customized adaptation."

To date, GALAXIS TECH has successfully expanded its business footprint to 29 industries, covering 19 countries and regions globally. The cumulative number of clients has reached 861, spanning multiple high-growth sectors such as automotive, pharmaceuticals, new energy, 3C electronics, and e-commerce.

Notably, its overseas business is becoming a second growth curve. By the end of 2025, the company's total outstanding order backlog reached RMB 2.2 billion, of which the total value of overseas project contracts yet to be delivered was as high as RMB 685 million.

Leveraging robust market expansion capabilities, the company's operating performance has shown continuous growth. Its revenue increased from RMB 657 million in 2022 to RMB 721 million in 2024. For the first nine months of 2025, revenue was approximately RMB 552 million.