Shares of Geek+ (GEEKPLUS-W, 02590.HK) surged 5.08% in intraday trading, as investors responded positively to the company's recent milestone achievement. The autonomous mobile robot (AMR) firm made history by becoming the first of its kind to list on Hong Kong's main board, marking a significant moment for both the company and the robotics industry.
According to Frost & Sullivan data, Geek+ has maintained its position as the global AMR leader for six consecutive years. The company serves over 800 major clients across more than 40 countries, offering comprehensive fulfillment solutions that have gained traction in the third-party logistics (3PL) and e-commerce sectors. This strong market presence likely contributed to investor confidence and the subsequent stock price increase.
The successful initial public offering (IPO) on Hong Kong's main board not only solidifies Geek+'s position in the market but also sets a new benchmark for the robotics industry. As the largest non-A+H tech listing in Hong Kong for 2025, this IPO could potentially open doors for further investment and growth in the AMR sector. The strong market reaction suggests that investors see significant potential in Geek+'s business model and the broader robotics industry, which could drive further innovation and expansion in the coming years.