02590 極智嘉－Ｗ
GEEKPLUS-W
GEEKPLUS-W
| Register Close | 2025/07/04 IPO Closing Tomorrow |
| Listing Date | 2025/07/09 |
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IPO Detail
COMPANY PROFILE
Beijing Geekplus Technology Co. offers a series of Autonomous Mobile Robot AMR solutions to empower warehouse fulfillment and industrial material transport, enhancing supply chain efficiency while reducing reliance on manual labor. It have been the world’s largest warehouse fulfillment AMR solution provider in terms of revenue in 2024.
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As of December 31, 2024, the Group have shipped approximately 56,000 AMRs across over 40 countries and regions worldwide. According to CIC, in 2024, it occupied a 9% market share in the overall global warehouse fulfillment AMR solution market and approximately 1% market share of the global warehouse automation solution market.
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Its global presence is also evidenced by over 48 service stations and service partner sites globally, 13 spare parts centers worldwide, and over 305 engineers as of December 31, 2024. A significant portion of customer base consists of leading e-commerce, FMCG, and third-party logistics companies.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | IT Hardware |
| Major Business Area | China |
| Board Lot | 200 |
GLOBAL OFFERING
| No. of Offer Shares | 140.35M H shares |
| No. of International Offer Shares | 126.32M H shares |
| No. of HK Offer Shares | 14.04M H shares |
| Offer Price | $16.80 |
| Stock Code | 2590 |
| Sponsor(s) | Morgan Stanley Asia Limited, China International Capital Corporation Hong Kong Securities Limited |
| Underwriter(s) | Morgan Stanley Asia Limited, China International Capital Corporation Hong Kong Securities Limited, Deutsche Bank AG, Hong Kong Branch, CMB International Capital Limited, DBS Asia Capital Limited, Shenwan Hongyuan Securities (H.K.) Limited, GF Securities (Hong Kong) Brokerage Limited, Daiwa Capital Markets Hong Kong Limited, ICBC International Securities Limited, South China Securities Limited, Tiger Brokers (HK) Global Limited |
TIME TABLE
| Application Period | Jun 30 (Mon) - noon, Jul 04 (Fri) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Jul 08 (Tue) |
| Result Announcement Date | On or before Jul 08 (Tue) |
| Result Announcement Date | On or before Jul 09 (Wed) |
| Dealings in Shares commence on | Jul 09, 2025. (Wed) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $16.80 |
| Capitalization | 21.83B |
| NAV / share ($) | $2.38 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 16.8, the net proceeds raised would be HKD 2.21B, of which |
| 40% : Investing in research and development and product iteration initiatives to advancing and differentiating AMR solutions |
| 20% : Scaling sales and service network to strengthen its international brand presence and market engagement |
| 15% : Supporting expanding supply chain development, including the establishment of strategically located production centers and supply chain hubs |
| 15% : Developing an advanced digital management platform and upgrading cybersecurity IT infrastructure |
| 10% : Working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).