Zhejiang Galaxis Technology Group Co Ltd (Ticker: 2729 HK) is a Chinese company operating in the industrial automation and robotics industry. Zhejiang Galaxis Technology expects to list on the Hong Kong Stock Exchange on March 24, 2026, offering 36.80 million H shares at an expected price range of HKD 16.40 to 20.40. The IPO is expected to raise approximately HKD 750.68 million (USD 95.87 million). The company has an estimated market capitalization between HKD 7.02 billion and HKD 8.73 billion.
Zhejiang Galaxis Technology is an intelligent intralogistics robotics provider offering a diverse range of robots centered on multi-directional shuttle robots (MSRs), autonomous mobile robots (AMRs), and conveying and sorting robots (CSRs). Its robotics portfolio covers core intralogistics functions, including storage, sorting, and transport, to provide flexible and scalable automation. According to the company's prospectus, it ranked fifth among comprehensive intelligent intralogistics robotics companies in China by revenue in 2024.
The company plans to use the IPO proceeds for R&D and product capacity, brand promotion and business development, working capital, and strategic acquisitions. CITIC Securities and Guotai Junan Capital are acting as joint sponsors.