Bloks Group Investors Seek $58 Billion to Bid in IPO

MT Newswires Live

2025/01/02

Investors have applied to take $58 billion in loans to bid in Bloks Group's (HKG:0325) initial public offering in Hong Kong, Bloomberg News reported Thursday.

The amount is more than 3,000 times the number of shares reserved for investors to be sold at the upper end of the IPO price range, according to the report, citing TradeGo data.

The Chinese character toys manufacturer is offering 24,120,300 shares at HK$55.65 to HK$60.35 apiece.

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