Market Chatter: Bloks Group Investors Borrow HK$833 Billion Through Margin Financing for IPO

MT Newswires Live
01-07

Bloks Group's (HKG:0325) retail investors borrowed more than HK$833.4 billion through margin financing for its initial public offering in Hong Kong, The Standard reported Tuesday.

The amount makes the toymaker's IPO the fourth largest new listing in terms of money borrowed through brokerages, the report said.

Bloks' retail portion of the offering was 5,724 times oversubscribed, among the highest on record, the report said.

The company is offering 24,120,300 shares at HK$55.65 to HK$60.35 apiece.

The toymaker will debut on the Hong Kong bourse 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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