Toymakers build fun Hong Kong stocks a playground
10/01/2025 04:10
(The author is a Reuters Breakingviews columnist. The opinions
expressed are her own.)
By Robyn Mak
HONG KONG, Jan 10 (Reuters Breakingviews) - Bloks shares
surged on their debut on overwhelming demand. The $2 bln firm,
which specialises in Transformers and other figurines, is
tapping into China's collectible toy frenzy led by peer Pop
Mart. The duo spotlight a cheap and cheerful part of an
otherwise gloomy economy.
Full view will be published shortly.
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CONTEXT NEWS
Shares of Chinese toymaker Bloks rose 82% from their initial
public offering price in early trading on their Hong Kong debut
on Jan. 10.
The company raised HK$1.67 billion ($215 million) after
pricing at the top of the marketed range and increasing the
amount of shares sold. Local retail investors bid 6,000 times
the amount of shares on offer.
(Editing by Antony Currie and Ujjaini Dutta)
((For previous columns by the author, Reuters customers can
click on MAK/
robyn.mak@thomsonreuters.com))