US-EU Index Rebalances / Quantitative Researcher, ORTEX

Dimitris Ioannidis

US-EU Index Rebalances / Quantitative Researcher

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/bloks-group" target="_blank" data-smartkarma-citation="entities:43648:1" rel="noopener">Bloks (325 HK)</a>  is expected to be assigned an index nationality of Hong Kong instead of China due to its incorporation in the Cayman Islands.</li>
<li>The security is expected to be added at the September 2025 review following the 6-month IPO lock-up expiry which increases the fcap above the APAC threshold.</li>
<li>The security is ineligible for the other global index until January 2026 because of the free float being below the minimum threshold of 15%.</li>
</ul>



Bloks (325 HK)  is expected to be assigned an index nationality of Hong Kong instead of China due to its incorporation in the Cayman Islands.
The security is expected to be added at the September 2025 review following the 6-month IPO lock-up expiry which increases the fcap above the APAC threshold.
The security is ineligible for the other global index until January 2026 because of the free float being below the minimum threshold of 15%.


Bloks (325 HK): Global Index Inclusion Following IPO Lock-Up Expiry

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Equity Capital Markets

<ul>
<li>Bloks Group, a founder-led toy maker and owner of trusted brand “Blokees”, will price its IPO this week. Shares are set to begin trading on January 10, 2025.</li>
<li>I would expect strong first trading-day return as HK public offering was already 5,000+ times oversubscribed at high end of marketed price range.</li>
<li>I believe investors are rationally optimistic about the company. Bloks Group IPO attracted a surge of retail investors, and the stock may skyrocket above IPO price on first trading-day.</li>
</ul>


Bloks Group, a founder-led toy maker and owner of trusted brand “Blokees”, will price its IPO this week. Shares are set to begin trading on January 10, 2025.
I would expect strong first trading-day return as HK public offering was already 5,000+ times oversubscribed at high end of marketed price range.
I believe investors are rationally optimistic about the company. Bloks Group IPO attracted a surge of retail investors, and the stock may skyrocket above IPO price on first trading-day.


Bloks Group Likely To Price IPO at High End of Range: What To Expect From First Trading-Day?

APAC IPOs & Placements, Aequitas Research

Clarence Chu

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/bloks-group" target="_blank" data-smartkarma-citation="entities:43648:1" rel="noopener">Bloks Group (1850960D CH)</a> is looking to raise US$187m in its Hong Kong IPO.</li>
<li>Bloks Groups (Bloks) operates in the toy segment where it primarily assembles character and brick-based toys.</li>
<li>In our previous notes, we looked at the firm’s past performance. In this note, we undertake a peer comparison and discuss our thoughts on valuation.</li>
</ul>



Bloks Group (1850960D CH) is looking to raise US$187m in its Hong Kong IPO.
Bloks Groups (Bloks) operates in the toy segment where it primarily assembles character and brick-based toys.
In our previous notes, we looked at the firm’s past performance. In this note, we undertake a peer comparison and discuss our thoughts on valuation.


Bloks Group IPO - Outgrowing Its Peers, Decent Valuation

<ul>
<li>
<a href="https://www.smartkarma.com/entities/bloks-group" target="_blank" data-smartkarma-citation="entities:43648:1" rel="noopener">Bloks Group (1850960D CH)</a> is looking to raise US$188m in its Hong Kong IPO.</li>
<li>Bloks Groups (Bloks) operates in the toy segment where it primarily assembles character and brick-based toys.</li>
<li>In our previous note, we looked at the firm’s past performance. In this note, we discuss the latest PHIP updates.</li>
</ul>



Bloks Group (1850960D CH) is looking to raise US$188m in its Hong Kong IPO.
Bloks Groups (Bloks) operates in the toy segment where it primarily assembles character and brick-based toys.
In our previous note, we looked at the firm’s past performance. In this note, we discuss the latest PHIP updates.


Bloks Group IPO - PHIP Updates - Momentum Remains Strong, Although Some Lingering Doubts Persist

<ul>
<li>Shanghai-Based Bloks Group, a leader of assembly character toys in China, has announced the initial price range for its IPO in Hong Kong.</li>
<li>The offering is expected to be between HK$55.65 and HK$60.35, implying a market cap of ~HK$14B or ~$1.8B at the midpoint of the price range. </li>
<li>Assuming IPO offer price of HK$58.00, UBS AM Singapore, Greenwoods AM and Fullgoal Investors have agreed to invest ~HK$388M or ~$50M in the offering.</li>
</ul>


Shanghai-Based Bloks Group, a leader of assembly character toys in China, has announced the initial price range for its IPO in Hong Kong.
The offering is expected to be between HK$55.65 and HK$60.35, implying a market cap of ~HK$14B or ~$1.8B at the midpoint of the price range. 
Assuming IPO offer price of HK$58.00, UBS AM Singapore, Greenwoods AM and Fullgoal Investors have agreed to invest ~HK$388M or ~$50M in the offering.


Bloks Group IPO (0325.HK): Global Offering, The Initial Price Range Is Seen As Attractively Valued

China

Bloks Group Limited designs toys. The Company develops and manufactures characters toys, assembly toys, and other products. Bloks Group markets its products throughout China.

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Bloks Group (325 HK)

Bloks (325 HK): Global Index Inclusion Following IPO Lock-Up Expiry

Bloks Group (325 HK) is expected to be added in the APAC segment at the September 2025 review after IPO lock-up expiry as it increases the fcap...

Dimitris Ioannidis

Bloks Group Likely To Price IPO at High End of Range: What To Expect From First Trading-Day?

Bloks Group will go public this week. In my insight, I discuss expectations from first trading-day and how far Bloks Group stock may go up in a...

Andrei Zakharov

Bloks Group IPO - Outgrowing Its Peers, Decent Valuation

Bloks Group (1850960D CH) is looking to raise US$187m in its Hong Kong IPO. In this note, we undertake a peer comparison and discuss our thoughts...

Clarence Chu

Bloks Group IPO - PHIP Updates - Momentum Remains Strong, Although Some Lingering Doubts Persist

Bloks Group (1850960D CH) is looking to raise US$188m in its Hong Kong IPO. In our previous note, we looked at the firm’s past performance. In this...

Clarence Chu

Bloks Group IPO (0325.HK): Global Offering, The Initial Price Range Is Seen As Attractively Valued

Bloks Group has announced the initial price range for its IPO. Given strong demand for upcoming offering and revenue hyper-growth, the toy maker is...

Andrei Zakharov

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Bloks (325 HK): Global Index Inclusion Following IPO Lock-Up Expiry

​Bloks Group (325 HK) is expected to be added in the APAC segment at the September 2025 review after IPO lock-up expiry as it increases the fcap...

Dimitris Ioannidis

Bloks Group Likely To Price IPO at High End of Range: What To Expect From First Trading-Day?

Bloks Group will go public this week. In my insight, I discuss expectations from first trading-day and how far Bloks Group stock may go up in a...

Andrei Zakharov

Bloks Group IPO - Outgrowing Its Peers, Decent Valuation

Bloks Group (1850960D CH) is looking to raise US$187m in its Hong Kong IPO. In this note, we undertake a peer comparison and discuss our thoughts...

Clarence Chu

Bloks Group IPO - PHIP Updates - Momentum Remains Strong, Although Some Lingering Doubts Persist

Bloks Group (1850960D CH) is looking to raise US$188m in its Hong Kong IPO. In our previous note, we looked at the firm’s past performance. In this...

Clarence Chu

Bloks Group IPO (0325.HK): Global Offering, The Initial Price Range Is Seen As Attractively Valued

Bloks Group has announced the initial price range for its IPO. Given strong demand for upcoming offering and revenue hyper-growth, the toy maker is...

Andrei Zakharov

Bloks Group (325 HK) is expected to be added in the APAC segment at the September 2025 review after IPO lock-up expiry as it increases the fcap...