#Hong Kong #Robotics #Geekplus #HKEX

Geekplus Makes History on Hong Kong Stock Exchange

On July 21, 2025, Geekplus (Stock Code: 2590.HK), a leading provider of warehouse robotics around the globe, achieved a significant milestone in its history by being listed on the Main Board of the Hong Kong Stock Exchange (HKEX). This event marks Geekplus as the very first publicly traded company specializing in Autonomous Mobile Robot (AMR) warehouse technology, setting the stage for a transformative chapter in the global logistics sector.

This public offering ranks as the largest H-share IPO for a robotics company and has established itself as the largest technology listing in Hong Kong this year that falls outside of the traditionally recognized “A+H” mix. The response to the offering was extraordinary, with the public subscription in Hong Kong being oversubscribed by a staggering 133.62 times, while the international offering saw an oversubscription rate of 30.17 times. This places it among the three largest IPOs in Hong Kong for the year, based on international issuance volume, breaking new records in the technology sector.

A diverse array of investors participated, including state funds, various international long-only funds, niche technology-focused funds, and hedge funds. The range of principal investors encompasses global financial giants, top-tier venture capital firms, government-backed institutions, and industry leaders, illustrating a solid recognition of the robotics sector's value and the commercial potential of Geekplus.

Yong Zheng, the founder, chairman, and CEO of Geekplus, commented, “Since our inception, Geekplus has been committed to redefining efficiency paradigms within the global supply chain through robot-assisted intelligence. Our listing on international capital markets marks a new starting point for Geekplus, granting us access to leverage both capital and technology effectively.”

Looking ahead, Geekplus plans to aggressively tap into the enormous market opportunities arising from rapid industry growth propelled by technological advancements. Their mission is to solidify robotics as an essential engine of the new era, fostering a smarter, more efficient, and environmentally-friendly future across the globe.

According to data from CIC, Geekplus has consistently been recognized as the largest provider of AMR solutions for warehouse operations for six consecutive years. The company boasts the industry's most comprehensive range of solutions and a vast customer base, with the greatest global footprint in the sector. As of 2024, Geekplus operated in over 40 countries and regions worldwide, serving more than 800 corporate clients, with a strong presence in the 3PL, retail, and e-commerce segments.

The company’s successful IPO not only highlights its leadership in innovative robotics but also emphasizes the increasing demand for automation solutions in logistics. As businesses seek ways to enhance their operational efficiency, the growth of companies like Geekplus will play a critical role in shaping the future of supply chain management.

In conclusion, Geekplus's entry into the stock market is a meaningful step towards further innovation and expansion in the logistics industry. With a focus on harnessing the potential of robotics and automation, Geekplus is poised to lead the charge in revolutionizing how goods are moved and managed throughout the supply chain, making it a pivotal player in the increasingly competitive landscape of global logistics automation.