Group 1: IPO Dynamics - Geek+ officially listed on the Hong Kong Stock Exchange on July 9, 2025, under the stock code "2590," becoming the world's first AMR warehouse robot company to go public [2] - The IPO raised a total of HKD 27.1162 billion, marking the largest H-share IPO for a robotics company and the largest non-"A+H" tech IPO in Hong Kong in 2025 [2] - The public offering was oversubscribed by 133.62 times, while the international offering was oversubscribed by 30.17 times, the highest for international placements in Hong Kong this year [3] Group 2: Company Performance - Geek+ saw its order volume increase from CNY 1.59 billion in 2021 to CNY 3.14 billion in 2024, nearly doubling [4] - Revenue grew from CNY 790 million in 2021 to CNY 2.41 billion in 2024, achieving a compound annual growth rate of 45% [6] - The company is recognized as one of the most successful enterprises in the B2B robotics commercialization sector and holds significant value in the Hong Kong robotics market [5] Group 3: Investor Interest - Geek+ attracted four cornerstone investors, with total subscriptions amounting to approximately USD 91.3 million (around HKD 716.7 million), indicating strong interest from international capital giants and top venture capital firms [3] - The company received enthusiastic subscriptions from sovereign wealth funds, long-term international funds, technology-focused funds, and hedge funds, reflecting a strategic consensus in the capital market regarding the warehouse robot sector [3] Group 4: Lao Xiang Ji Overview - Lao Xiang Ji International Holdings Limited is progressing with its IPO on the Hong Kong Stock Exchange, with joint sponsors being CICC and Haitong International [7] - As of April 30, 2025, Lao Xiang Ji operates 1,624 stores across 55 cities in China, with a mix of 911 direct-operated and 653 franchised stores [8] - The company ranks first in the Chinese fast food industry with a market share of 0.9% based on transaction volume in 2024 [8] Group 5: Financial Performance of Lao Xiang Ji - Revenue for Lao Xiang Ji was CNY 4.528 billion in 2022, CNY 5.651 billion in 2023, and CNY 6.288 billion in 2024, with a 9.9% increase in revenue to CNY 2.12 billion in the first four months of this year compared to the same period in 2024 [10] - Adjusted net profit for the same period was CNY 268 million in 2022, CNY 403 million in 2023, and CNY 439 million in 2024, with a 9.5% increase in the first four months of this year to CNY 185 million [11]
IPO周报 | 极智嘉正式登陆港交所；老乡鸡继续推进港股上市进程
IPO早知道·2025-07-13 13:12