Transformers toymaker Bloks to debut in Hong Kong after IPO frenzy

Quick Summary:

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.

That also helped turn Zhu Weisong, who’s chairman and chief executive officer, into a billionaire, according to the Bloomberg Billionaires Index.

After raising more than US$11 billion in 2024, dealmakers are expecting Hong Kong IPOs to continue going up this year.

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Article Details

Category: EconomyBusiness

Markets: SingaporeHong Kong

Topics: Demand Bloks Chinese Number According Kong Stock Hong Shares Investment Million

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-10 @ 08:19:45 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 487 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 25022102

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