New Stock Dark Market | BLOKS once rose nearly 66.33%, now up 65.75%!

China's leading building block toy company BLOKS will officially list on the Hong Kong Stock Exchange on Friday, January 10. As of the time of writing, the dark market shows that the stock has risen over 65%, priced at HKD 100.00. According to BLOKS's prospectus, the company plans to issue 24.1203 million shares, with 10% allocated for the Hong Kong offering and 90% for the international offering, along with an over-allotment option of 15%. The issue price is set at HKD 55.65-60.35, with a board lot size of 300 shares. According to Hong Kong media reports, as of January 7, the subscription has recorded over 6,034.54 times oversubscription, with approximately HKD 878.654 billion in margin financing. In terms of oversubscription multiples, it ranks just behind the 6,288 times of the 2018 listing of MOKI Kwai Chung and the 6,082 times of the 2024 listing of Caohua Group, currently holding the 3rd place in Hong Kong's history of new stock "oversubscription kings."