Reported 3 days ago
Retail investors have applied to borrow over $60 billion to participate in the Hong Kong IPO of Chinese toymaker Bloks Group Ltd., reflecting strong interest in new listings. With individual investors seeking margin financing, the requests amount to more than 3,200 times the shares reserved for them. Bloks aims to raise up to HK$1.5 billion from its offering of 24.1 million shares, marking another anticipated success in the Hong Kong IPO market.
Source: YAHOO