IPO Timeline Raw facts
Broker Deadline
Morning deadline
HKEX Deadline
Noon deadline
Broker Results (T-2)
Some brokers release in afternoon
Grey Market (T-1)
Afternoon
HKEX Allotment (T-1)
Evening
Registrar Allotment (T-1)
Evening
Listing Day (T)
First day of trading
Company Overview
| Stock Name | Geekplus-W |
|---|---|
| Stock Code | 02590 |
| Company Full Name | Beijing Geekplus Technology Co., Ltd. |
| Industry | 工業制造 |
| Principal Activities | 公司在全球AMR市場中處于領先地位，提供了一系列AMR解決方案，旨在賦能倉儲履約和工業搬運場景，在提高供應鏈效率的同時減少對人工的依賴。 |
| Listing Date | 2025-07-09 |
| Listing Rules Era | Old Rules |
| Listing Rules Chapter | 8A不同投票权 |
| Weighted Voting Rights (WVR) | Yes |
| Registered Address (Mainland China) | 中國北京市順義區安祥街12號北京環普國際科創園5號樓8-9樓 |
| Business Address (Hong Kong) | To be extracted |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | https://www.geekplus.com/en/ |
| Share Registrar | 香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited) |
| Registrar Contact | (852)2862 8628 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | 8A不同投票权 |
|---|---|
| Offer Price | HK$ 16.80 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 200 shares |
| Entry Threshold | HK$ 3,360 |
| Par Value | To be extracted |
| Offer Period | 2025-06-30 to 2025-07-04 |
| Global Offering Shares | 161,405,800 shares |
| HK Public Offer Shares (Initial) | To be extracted |
| Public Offer Lots (Initial) | To be extracted |
| International Placing Shares (Initial) | To be extracted |
| Offer Ratio | To be extracted |
| Total Shares Post-IPO | To be extracted |
| Greenshoe (Over-allotment Option) | No |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 26.4% |
| Clawback Tiers | To be extracted |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 2,711,617,440 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 200 | HK$ 3,360 |
| 2 lots | 400 | HK$ 6,720 |
| 3 lots | 600 | HK$ 10,080 |
| 4 lots | 800 | HK$ 13,440 |
| 5 lots | 1,000 | HK$ 16,800 |
| 6 lots | 1,200 | HK$ 20,160 |
| 7 lots | 1,400 | HK$ 23,520 |
| 8 lots | 1,600 | HK$ 26,880 |
| 9 lots | 1,800 | HK$ 30,240 |
| 10 lots | 2,000 | HK$ 33,600 |
| 15 lots | 3,000 | HK$ 50,400 |
| 20 lots | 4,000 | HK$ 67,200 |
| 25 lots | 5,000 | HK$ 84,000 |
| 30 lots | 6,000 | HK$ 100,800 |
| 35 lots | 7,000 | HK$ 117,600 |
| 40 lots | 8,000 | HK$ 134,400 |
| 45 lots | 9,000 | HK$ 151,200 |
| 50 lots | 10,000 | HK$ 168,000 |
| 100 lots | 20,000 | HK$ 336,000 |
| 150 lots | 30,000 | HK$ 504,000 |
| 200 lots | 40,000 | HK$ 672,000 |
| 250 lots | 50,000 | HK$ 840,000 |
| 300 lots | 60,000 | HK$ 1,008,000 |
| 350 lots | 70,000 | HK$ 1,176,000 |
| 400 lots | 80,000 | HK$ 1,344,000 |
| 450 lots | 90,000 | HK$ 1,512,000 |
| 500 lots | 100,000 | HK$ 1,680,000 |
| 1,000 lots | 200,000 | HK$ 3,360,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,500 lots | 300,000 | HK$ 5,040,000 |
| 2,000 lots | 400,000 | HK$ 6,720,000 |
| 2,500 lots | 500,000 | HK$ 8,400,000 |
| 3,000 lots | 600,000 | HK$ 10,080,000 |
| 3,500 lots | 700,000 | HK$ 11,760,000 |
| 4,000 lots | 800,000 | HK$ 13,440,000 |
| 4,500 lots | 900,000 | HK$ 15,120,000 |
| 5,000 lots | 1,000,000 | HK$ 16,800,000 |
| 7,500 lots | 1,500,000 | HK$ 25,200,000 |
| 10,000 lots | 2,000,000 | HK$ 33,600,000 |
| 12,500 lots | 2,500,000 | HK$ 42,000,000 |
| 15,000 lots | 3,000,000 | HK$ 50,400,000 |
| 20,000 lots | 4,000,000 | HK$ 67,200,000 |
| 25,000 lots | 5,000,000 | HK$ 84,000,000 |
| 30,000 lots | 6,000,000 | HK$ 100,800,000 |
| 35,088 lots | 7,017,600 | HK$ 117,895,680 |
Stock Connect Inclusion Analysis
| HK Market Cap | HK$ 13.54B |
|---|---|
| Analysis Result | Already included in Stock Connect (both) |
Valuation & Financials
| Market Cap (at Offer Price) | To be extracted |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not disclosed |
| Profit/Loss Status | To be extracted |
| Period-End Cash Balance | RMB 635.98 million |
| Listing Expenses | ~HK$ 152,400,000 |
| Listing Expenses / Funds Raised | ~6.5% |
| Total Pre-IPO Investment | To be extracted |
| First Day Close | HK$ 17.7 |
|---|---|
| First Day Open | HK$ 16.9 |
| First Day Change | 5.36% |
| First Day Volume | 78383500.0 |
| First Day Turnover | 1323870000.0 |
| Use of Proceeds | 1、約40%的所得款項凈額將用于投資研發及產品迭代計劃；
2、約20%的所得款項凈額將用于擴大公司的銷售及服務網絡，以加強公司的國際品牌影響力和市場參與；
3、約15%的所得款項凈額將用于支持公司不斷擴大的供應鏈發展，在高需求地區戰略性地建立本地生產中心及供應鏈中心；
4、約15%的所得款項凈額將用于開發先進的數字化管理平臺和升級網絡安全IT基礎設施；
5、約10%的所得款項凈額將用于用作營運資金及一般公司用途。 |
Underwriting Syndicate
Joint Sponsors (2)
Overall Coordinators (10)
Morgan Stanley Asia Limited CE AAD291
China International Capital Corporation Hong Kong Securities Limited CE AEN894
Deutsche Bank AG, Hong Kong Branch CE AAK077
CMB International Capital Limited CE AVM940
DBS ASIA CAPITAL LIMITED CE AAE430
SHENWAN HONGYUAN SECURITIES (H.K.) LIMITED CE AAC927
GF Securities (Hong Kong) Brokerage Limited CE AOB364
Daiwa Capital Markets Hong Kong Limited CE AAB639
ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299
SOUTH CHINA SECURITIES LIMITED CE AAA874
Joint Bookrunners (11)
Morgan Stanley Asia Limited CE AAD291
China International Capital Corporation Hong Kong Securities Limited CE AEN894
Deutsche Bank AG, Hong Kong Branch CE AAK077
CMB International Capital Limited CE AVM940
DBS ASIA CAPITAL LIMITED CE AAE430
SHENWAN HONGYUAN SECURITIES (H.K.) LIMITED CE AAC927
GF Securities (Hong Kong) Brokerage Limited CE AOB364
Daiwa Capital Markets Hong Kong Limited CE AAB639
ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299
SOUTH CHINA SECURITIES LIMITED CE AAA874
TIGER BROKERS (HK) GLOBAL LIMITED CE BMU940
Joint Lead Managers (11)
Morgan Stanley Asia Limited CE AAD291
China International Capital Corporation Hong Kong Securities Limited CE AEN894
Deutsche Bank AG, Hong Kong Branch CE AAK077
CMB International Capital Limited CE AVM940
DBS ASIA CAPITAL LIMITED CE AAE430
SHENWAN HONGYUAN SECURITIES (H.K.) LIMITED CE AAC927
GF Securities (Hong Kong) Brokerage Limited CE AOB364
Daiwa Capital Markets Hong Kong Limited CE AAB639
ICBC INTERNATIONAL SECURITIES LIMITED CE ARO299
SOUTH CHINA SECURITIES LIMITED CE AAA874
TIGER BROKERS (HK) GLOBAL LIMITED CE BMU940
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | Arc Avenue Asset Management Pte. Ltd. | 196,244,160 HKD | — | 7.24% | — | 6 months | 2026-01-09 |
| 2 | Eastspring Investments (Singapore) Limited | 117,744,480 HKD | — | 4.34% | — | 6 months | 2026-01-09 |
| 3 | 香港亿格有限公司 | 78,496,320 HKD | — | 2.89% | — | 6 months | 2026-01-09 |
| 4 | 雄安智能机器人有限公司 | 324,240,000 HKD | — | 11.96% | — | 6 months | 2026-01-09 |
Directors & Management
| Position | Chinese name | English Name |
|---|---|---|
| Chairman | 鄭勇 | — |
| Company Secretary | 劉紅巖,吳東澄 | — |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | 天津極智創想科技合伙企業(有限合伙)(6.41%),天津極智創智科技合伙企業(有限合伙)(4.32%) |
|---|
AI
AI Analysis
AI interpretation
deepseek-v4-pro · AI-generated
Market Sentiment
The IPO was met with overwhelming demand, indicated by the 133.62x oversubscription ratio. Despite this frenzy, the 41.87% hit rate suggests that many applicants received at least some shares, likely aided by reallocation from the international tranche. The strong subscription enthusiasm signals robust retail confidence in the offering. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
A notable inefficiency appears at the A-tail and B-head: both applied for vastly different amounts (200,000 vs 300,000 shares) yet each expected only 1 lot, indicating zero marginal benefit for the higher commitment. The winner ratios at these tiers are extremely compressed, making large applications highly capital-inefficient given typical broker fee structures. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
The registrar did not disclose demographic breakdowns such as mainland or Hong Kong participation rates, leaving the applicant profile opaque. With 94,292 valid applications, the lack of data prevents assessment of regional concentration or trends in the investor base. This omission limits insights into the IPO's demographic appeal. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
