Zhejiang Galaxis Technology Group Co., Ltd. (02729.HK) has launched its Hong Kong initial public offering (IPO). The subscription period runs from March 16 to March 19, 2026. The company proposes a global offering of 36,798,000 H shares, subject to a 15% over-allotment option. The offer price range is HK$16.40–HK$20.40 per share. Each board lot comprises 200 shares, with an estimated minimum subscription amount of approximately HK$4,121.15.The company is expected to list on the Main Board of the Hong Kong Stock Exchange on March 24, 2026. Guotai Junan Financing and CITIC Securities (Hong Kong) act as joint sponsors.

Galaxis Technology: Ranked Among Top Five Comprehensive Smart In-Plant Logistics Robot Providers in China

Offering Breakdown：Approximately 10% of the offered H shares (3,679,800 shares) will be offered to the public in Hong Kong, and approximately 90% (33,118,200 shares) will be allocated internationally.

Price Range: HK$16.40–HK$20.40 per shareBoard Lot: 200 sharesEstimated Minimum Subscription: approximately HK$4,121.15Subscription Period: March 16–19, 2026Expected Pricing Date: March 20, 2026Listing Date: March 24, 2026Joint Sponsors: Guotai Junan Financing, CITIC Securities (Hong Kong).

Company Overview

Galaxis Technology is a comprehensive provider of smart in-plant logistics robots, offering three core product lines: Multi-directional Shuttle Robots (MSR), Autonomous Mobile Robots (AMR), and Conveyor Sorting Robots (CSR). Its solutions cover key in-plant logistics functions including storage and retrieval, sorting, and material handling.

According to Frost & Sullivan, based on 2024 revenue, Galaxis Technology ranked fifth among China’s top comprehensive smart in-plant logistics robot providers, with a market share of approximately 1.6%. As of September 30, 2025, the company’s business covers 29 industries and serves 861 customers.

Financial Information

According to the IPO prospectus, Galaxis Technology recorded revenues of approximately RMB657 million, RMB551 million and RMB721 million for 2022, 2023 and 2024 respectively, with net losses of approximately RMB210 million, RMB242 million and RMB178 million for the same periods.For the nine months ended September 30, 2025, the company recorded revenue of approximately RMB552 million and a net loss of RMB134 million.Assuming an offer price at the mid-point of HK$18.40 per share and that the over-allotment option is not exercised, the company expects net proceeds from the global offering of approximately HK$618 million.

uSMART launches “HK IPO Fee-Waiver Offer” – subscribe to new shares at zero cost

Margin subscription: 0 % interest, leverage up to 10×

Cash subscription: HK$0 handling fee

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* 0 % interest applies to margin subscription amounts of HK$20 million or below.

^ All handling fees are waived for cash subscriptions.

This promotion is effective from 5 December 2025 until further notice. Certain high-profile IPOs may be excluded. The actual interest rates and fees charged are those shown in the uSMART App subscription interface; statutory government and exchange levies will still apply. The company reserves the right to amend, suspend or terminate the above offer or its terms and conditions at any time without prior notice, and its interpretation shall be final.

How to Subscribe for Galaxis Technology via uSMART HK

The uSMART HK App features an IPO Centre with exclusive perks, allowing clients to subscribe instantly to public offerings. After logging into the app, tap "Trade" at the bottom-right, go to "IPO Subscription," select Galaxis Technology, tap "Public Offer," enter your subscription quantity, and submit your order.

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