---
title: "News: On its first day of listing, GALAXIS TECH's stock price soared, reaching a valuation of HKD 7.13 billion"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/280295209.md"
description: "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%"
datetime: "2026-03-24T10:11:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280295209.md)
  - [en](https://longbridge.com/en/news/280295209.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280295209.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/280295209.md) | [繁體中文](https://longbridge.com/zh-HK/news/280295209.md)


# News: On its first day of listing, GALAXIS TECH's stock price soared, reaching a valuation of HKD 7.13 billion

Logistics robot manufacturer **Zhejiang GALAXIS TECH Group Co., Ltd.** (2729.HK) debuted on the Hong Kong Stock Exchange on Tuesday, with its stock price soaring 84.3%. The company issued 36.8 million shares at HKD 16.66 per share, raising HKD 556 million (approximately USD 71 million). The public offering was oversubscribed by more than 2,000 times, while the international placement was oversubscribed by 2.37 times.

Based on a total share capital of 428 million shares, the company's closing market value reached HKD 7.13 billion.

According to third-party data cited in the prospectus, GALAXIS TECH ranked as the fifth largest integrated intelligent in-warehouse logistics robot company in China last year, with a market share of 1.6%. Revenue for the first three quarters of last year grew by 60.3% year-on-year to RMB 552 million, with a net loss of RMB 135 million during the period, roughly in line with the same period in 2024.

_Yang Ge_

### 相关股票

- [GALAXIS TECH (02729.HK)](https://longbridge.com/zh-CN/quote/02729.HK.md)

## 相关资讯与研究

- [Chinese Robot Maker Inovance Picks Banks for Potential Hong Kong Listing](https://longbridge.com/zh-CN/news/281110863.md)
- [Ubtech Robotics Corp posts FY net loss attributable RMB703.2 mln](https://longbridge.com/zh-CN/news/281211181.md)
- [From Investment to Sales to Scenario Operations, Shoucheng HoldingsRobotics Commercialization Closed Loop Is Rapidly Taking Shape](https://longbridge.com/zh-CN/news/280989880.md)
- [Duke Robotics Expands 2021 Equity Incentive Share Pool](https://longbridge.com/zh-CN/news/281091659.md)
- [Ubtech Robotics Narrows Loss in 2025](https://longbridge.com/zh-CN/news/281187944.md)