I'd say it's riding position rather than geometry. I thinks it's just the result of:
lots of seatpin showing, i.e. a very low top tube
low bars (I mean the height of the horizontal bit, where the stem attaches)
a more upright riding position
To get the upright position, you need to rotate the bar up, and fit the brake levers so they point upwards. And also have a upwards pointing stem and loads of headset spacers. All this makes the brake levers actually higher than the saddle, but you still get the race bike look with lots of exposed seatpin and the top of the bars lower than the saddle.
I'm not saying there's anything wrong with a more upright position.
