Toymaker Bloks surges 82% in Hong Kong debut

Toymaker Bloks surges 82% in Hong Kong debut after sizzling IPO reception
Shares of Chinese toymaker Bloks Group surged as much as 82 per cent in their Hong Kong market debut after its initial public offering (IPO) attracted huge demand from retail and institutional investors.
Toymaker Becomes a Billionaire After Frenzied Hong Kong IPO
The frenzy over a toymaker’s Hong Kong initial public offering has created a new billionaire. Zhu Weisong, founder and chairman of Bloks Group Ltd., was catapulted into the ultra-rich ranks after the company’s $215 million debut Friday drew overwhelming demand from individual investors.
Chinese Toy Entrepreneur Zhu Becomes Billionaire After Frenzied IPO
Bloks’ Hong Kong initial public offering Friday was 6,000 times oversubscribed and wildly popular after trading began, giving Zhu, the 42-year-old chairman and CEO, a fortune of $1.7 billion mostly based on his stake in the company, according to Forbes estimates.
Transformers toymaker Bloks to debut in Hong Kong after IPO frenzy
HONG KONG – Shares of Bloks Group, the popular Chinese maker of Ultraman and Transformers figurines, will begin trading in Hong Kong on Jan 10 after its US$215 million initial public offering drew overwhelming demand from individual investors.
Hong Kong Sees Rush of IPO Filings on Last Trading Day of 2024
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Chinese toymaker taps ‘kidult’ craze as shares soar on Hong Kong debut
Shares in Bloks Group, a maker of Transformers and other toy figurines, as much as doubled on their Hong Kong debut on Friday, making a billionaire of their founder and underlining the surge in ‘kidult’ culture despite falling birth rates in the world’s second-largest economy.
Ultraman toymaker becomes a billionaire after frenzied Hong Kong IPO
THE frenzy over a toymaker’s Hong Kong initial public offering has created a new billionaire. Read more at The Business Times.
Transformers Toymaker Bloks Raises $215 Million in Frenzied Hong Kong IPO
Bloks Group Ltd., the popular maker of Ultraman and Transformers figurines, raised HK$1.67 billion ($215 million) in Hong Kong, people familiar with the matter said, in a keenly sought-after listing to help kick off the year for initial public offerings in the city.
Toymakers build fun Hong Kong stocks a playground
Hong Kong's long-dormant animal spirits have found a fun niche in an otherwise gloomy market. Shares in Chinese toymaker Bloks surged 82% on their Friday debut, thanks to overwhelming demand in the city.
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