News: On its first day of listing, GALAXIS TECH's stock price soared, reaching a valuation of HKD 7.13 billion
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Logistics robot manufacturer Zhejiang GALAXIS TECH Group Co., Ltd. saw its stock price soar 84.3% on its first day of listing on the Hong Kong Stock Exchange, issuing 36.8 million shares at HKD 16.66 per share, raising HKD 556 million. The public offering was oversubscribed by more than 2,000 times, and the international placement was oversubscribed by 2.37 times, with a closing market value of HKD 7.13 billion. GALAXIS TECH had a market share of 1.6% last year, ranking as the fifth largest integrated intelligent on-site logistics robot company in China, with a year-on-year revenue growth of 60.3%
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