Market Chatter: Bloks Group Raises HK$1.7 Billion in Hong Kong IPO

MT Newswires Live2025-01-08

Shanghai-based Bloks Group (HKG:0325) raised HK$1.67 billion from its initial public offering in Hong Kong, Bloomberg News reported Wednesday, citing people familiar with the matter.

The Chinese toy manufacturer sold its shares at the top of its marketed range at HK$60.35 per share, according to the report.

Demand for the shares was also high, leading to additional allotments of shares, the report said, citing the sources.

Bloks Group plans to disclose share allocations on Thursday and start trading on Friday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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