Shares of Chinese toymaker Bloks Group surged as much as 82 per cent in their Hong Kong market debut after its initial public offering (IPO) attracted huge demand from retail and institutional investors.
The shares changed hands at HK$109.60 versus the IPO price of HK$60.35 when trading began at 9.30am local time, valuing the maker of Ultraman and Transformers figurines at HK$26.9 billion (US$3.5 billion). They traded at HK$90.60 at noon trading break, while the Hang Seng Index slipped 0.5 per cent.
