Toy Maker Bloks Stock Soars 61% in Hong Kong Grey Market Trading

Tiger Newspress

09 Jan

Toy maker Bloks shares soared 60.7% in Hong Kong grey market trading.

Hong Kong Exchanges and Clearing yesterday said the status card of mainland toy maker Bloks' initial public offering was inaccurately displayed on its digital IPO platform FINI, but confirmed that its trading debut remains on track following the prescribed timetable set out in its prospectus.

Bloks is set to debut tomorrow, January 10.

Bloks has already closed its IPO amid enthusiastic responses from retail investors. According to data from broker, the margin subscription amount of major brokers reached HK$877.4 billion with a margin subscription multiple exceeding 6,000 times, ranking among the top three in Hong Kong stock history for the margin oversubscription multiple and margin subscription amount.

Bloks plans to set the price at the upper limit of $60.35 and fully exercise the offer size adjustment option to offer an additional 15% of shares, lifting the fundraising amount to $1.674 billion, Reuters' IFR reported, citing sources.

Bloks closed its retail book on Tuesday, the same day FINI also experienced technical issues, with some brokers encountering system failures when submitting share applications.

HKEX responded that the issue is not related to system capacity and will continue to look into the matter.

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1184111841"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1184111841\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/1184111841?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-09 16:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1184111841","market":"hk","top_or_hot":-1,"title":"Toy Maker Bloks Stock Soars 61% in Hong Kong Grey Market Trading","media":"Tiger Newspress","content":"<html><head></head><body><p>Toy maker Bloks shares soared 60.7% in Hong Kong grey market trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/473eebbd045214524b95ec39e8d00257\" tg-width=\"1279\" tg-height=\"2209\"/></p><p>Hong Kong Exchanges and Clearing yesterday said the status card of mainland toy maker Bloks&#39; initial public offering was inaccurately displayed on its digital IPO platform FINI, but confirmed that its trading debut remains on track following the prescribed timetable set out in its prospectus.</p><p>Bloks is set to debut tomorrow, January 10.</p><p>Bloks has already closed its IPO amid enthusiastic responses from retail investors. 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According t","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00325":"布鲁可"},"translate_title":"玩具制造商Bloks股价在香港灰色市场交易中飙升61%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00325":1.1},"content_text":"Toy maker Bloks shares soared 60.7% in Hong Kong grey market trading.Hong Kong Exchanges and Clearing yesterday said the status card of mainland toy maker Bloks' initial public offering was inaccurately displayed on its digital IPO platform FINI, but confirmed that its trading debut remains on track following the prescribed timetable set out in its prospectus.Bloks is set to debut tomorrow, January 10.Bloks has already closed its IPO amid enthusiastic responses from retail investors. According to data from broker, the margin subscription amount of major brokers reached HK$877.4 billion with a margin subscription multiple exceeding 6,000 times, ranking among the top three in Hong Kong stock history for the margin oversubscription multiple and margin subscription amount.Bloks plans to set the price at the upper limit of $60.35 and fully exercise the offer size adjustment option to offer an additional 15% of shares, lifting the fundraising amount to $1.674 billion, Reuters' IFR reported, citing sources.Bloks closed its retail book on Tuesday, the same day FINI also experienced technical issues, with some brokers encountering system failures when submitting share applications. 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