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<IPO>GALAXIS TECH (02729.HK) Opens IPO Today with Entry Fee of HKD4,121.15
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GALAXIS TECH (02729.HK), a comprehensive logistics robot provider, announced its plan to list in Hong Kong. The company intends to issue 36.798 million shares, with 10% offered publicly in Hong Kong. The IPO price per share ranges from HKD16.4 to HKD20.4. The entry fee for one board lot (200 shares) is HKD4,121.15.

The IPO period starts today (March 16) and will end on March 19, with shares expected to commence trading on March 24. Guotai Junan International and CITIC Securities are the joint sponsors, while ICBCI is the joint global coordinator.

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The net proceeds from this listing are expected to be approximately HKD617 million.

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