Bloks Group, a Chinese toy company, had a booming 82% surge on its Hong Kong IPO debut, raising HK$1.6 billion.

Chinese toy company Bloks Group, led by entrepreneur Zhu Weisong, saw its shares skyrocket by 82% on its Hong Kong stock market debut, raising HK$1.6 billion in an oversubscribed IPO. The company, which sells Lego-like blocks and Ultraman figurines, reported strong revenue growth but has been unprofitable since at least 2021, with losses increasing by 24% in the first half of 2024.

January 09, 2025
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