极智嘉－Ｗ 02590 Prospectus Information

IPO Timeline

Broker Deadline

2025-07-04

Morning deadline

HKEX Deadline

2025-07-04

Noon deadline

Broker Results (T-2)

2025-07-07

Some brokers release in afternoon

Grey Market (T-1)

2025-07-08

Afternoon

HKEX Allotment (T-1)

2025-07-08

Evening

Registrar Allotment (T-1)

2025-07-08

Evening

Listing Day (T)

2025-07-09

First day of trading

Company Overview

Stock Name	极智嘉－Ｗ
Stock Code	02590
Company Full Name	极智嘉－Ｗ
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	卓佳证券登记有限公司 (Tricor 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	To be extracted
Entry Threshold	To be extracted
Par Value	To be extracted
Offer Period	2025-06-30 to 2025-07-04
Global Offering Shares	To be extracted
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$ 1,178,966,880

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

Valuation & Financials

Market Cap (at Offer Price)	To be extracted
Pre-IPO Valuation (Last Round)	To be extracted
P/E Ratio	To be extracted
Profit/Loss Status	To be extracted
Period-End Cash Balance	To be extracted
Listing Expenses	To be extracted
Listing Expenses / Funds Raised	To be extracted
Total Pre-IPO Investment	To be extracted

First Day Performance

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

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。

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)

摩根士丹利亚洲有限公司 CE AAD291 中国国际金融香港证券有限公司 CE AEN894

Overall Coordinators (10)

摩根士丹利亚洲有限公司 CE AAD291 中国国际金融香港证券有限公司 CE AEN894 德意志银行香港分行招银国际融资有限公司 CE AVM940 星展亚洲融资有限公司 CE AAE430 申万宏源证券（香港）有限公司 CE AAC927 GF Securities (Hong Kong) Brokerage Limited CE AOB364 大和资本市场香港有限公司 CE AAB639 工银国际证券有限公司 CE ARO299 南华证券投资有限公司 CE AAA874

Joint Bookrunners (11)

Joint Lead Managers (11)

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

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

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.)

Subscription Tiers

IPO Timeline

极智嘉－Ｗ 02590Prospectus Information

Market Sentiment

Tier Analysis

Demographics