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Futu subscription amount exceeds 250 billion! The real-time subscription of Bluco IPO hit a record high: already over 3000 times oversubscribed, scheduled to be listed on January 10.

Futu News: $BLOKS (00325.HK)$ The IPO will close at 9:00 AM on January 7, with the company planning to globally issue 24.1203 million shares and expected to be listed on January 10.
As of the deadline, Bluco IPO has oversubscribed by over 440 billion Hong Kong dollars in the entire market, with the public offering portion oversubscribed by over 3000 times.
Among them,Futu's real-time subscription amount has exceeded 250 billion Hong Kong dollars.，setting a new historical high(previously $MAO GEPING (01318.HK)$amounting to 90.5 billion Hong Kong dollars),Maximum 200 times leverage, unlimited financing amount are now open：
Futu News: $BLOKS (00325.HK)$ The IPO subscription will end at 9:00 a.m. on January 7th. The company plans to globally issue 24.1203 million shares and is expected to be listed on January 10th. As of the deadline, Bluco IPO has oversubscribed by over 440 billion Hong Kong dollars in the entire market, with the public offering portion oversubscribed by over 3000 times. Among them,Futu's real-time subscription amount has exceeded 250 billion Hong Kong dollars.，setting a new historical high(previously $MAO GEPING (01318.HK)$amounting to 90.5 billion Hong Kong dollars),Maximum 200 times leverage, unlimited financing amount are now open： Company Overview Blucorp is a leader in the Chinese building character toy market, focusing on providing consumers with a wide range of affordable and high-quality building character toy products through over 500 patented layouts, original IP capabilities, and non-exclusive partnerships with about 50 well-known IPs, achieving rapid growth. In 2023 and for the six months ended June 30, 2024, a majority of the company's revenue came from the sales of products based on Ultraman IP, accounting for 63.5% and 57.4% of the revenue respectively. According to Frost & Sullivan data, Blucor is the largest and leading role-playing toy company in China, achieving approximately RMB 1.8 billion GMV in 2023. It is also a fast-growing toy company, with a GMV growth of over 170% in 2023. Use of Proceeds Bruco is expected to...
Futu News: $BLOKS (00325.HK)$ The IPO subscription will end at 9:00 a.m. on January 7th. The company plans to globally issue 24.1203 million shares and is expected to be listed on January 10th. As of the deadline, Bluco IPO has oversubscribed by over 440 billion Hong Kong dollars in the entire market, with the public offering portion oversubscribed by over 3000 times. Among them,Futu's real-time subscription amount has exceeded 250 billion Hong Kong dollars.，setting a new historical high(previously $MAO GEPING (01318.HK)$amounting to 90.5 billion Hong Kong dollars),Maximum 200 times leverage, unlimited financing amount are now open： Company Overview Blucorp is a leader in the Chinese building character toy market, focusing on providing consumers with a wide range of affordable and high-quality building character toy products through over 500 patented layouts, original IP capabilities, and non-exclusive partnerships with about 50 well-known IPs, achieving rapid growth. In 2023 and for the six months ended June 30, 2024, a majority of the company's revenue came from the sales of products based on Ultraman IP, accounting for 63.5% and 57.4% of the revenue respectively. According to Frost & Sullivan data, Blucor is the largest and leading role-playing toy company in China, achieving approximately RMB 1.8 billion GMV in 2023. It is also a fast-growing toy company, with a GMV growth of over 170% in 2023. Use of Proceeds Bruco is expected to...
Company Overview
Blucorp is a leader in the Chinese building character toy market, focusing on providing consumers with a wide range of affordable and high-quality building character toy products through over 500 patented layouts, original IP capabilities, and non-exclusive partnerships with about 50 well-known IPs, achieving rapid growth.
In 2023 and for the six months ended June 30, 2024, a majority of the company's revenue came from the sales of products based on Ultraman IP, accounting for 63.5% and 57.4% of the revenue respectively.

According to Frost & Sullivan data, Blucor is the largest and leading role-playing toy company in China, achieving approximately RMB 1.8 billion GMV in 2023. It is also a fast-growing toy company, with a GMV growth of over 170% in 2023.
Use of Proceeds
Blucore expects to net approximately HKD 1.294 billion from the global offering (calculated at the median offering price of HKD 58). According to the prospectus, Blucore intends to use the proceeds from the global offering for the following purposes:
Approximately 25% will be used to enhance the company's research and development capabilities related to product design and development;
Approximately 25% will be used to invest in core production resources (such as molds) and focus on producing self-owned scaled factories for puzzle role-playing toys;
Approximately 20% will be used to further enrich the company's IP matrix to implement the company's growth strategy;
Approximately 20% will be used for sales and marketing activities;
Approximately 10% will be used for working capital and other general corporate purposes.
Futu News: $BLOKS (00325.HK)$ The IPO subscription will end at 9:00 a.m. on January 7th. The company plans to globally issue 24.1203 million shares and is expected to be listed on January 10th. As of the deadline, Bluco IPO has oversubscribed by over 440 billion Hong Kong dollars in the entire market, with the public offering portion oversubscribed by over 3000 times. Among them,Futu's real-time subscription amount has exceeded 250 billion Hong Kong dollars.，setting a new historical high(previously $MAO GEPING (01318.HK)$amounting to 90.5 billion Hong Kong dollars),Maximum 200 times leverage, unlimited financing amount are now open： Company Overview Blucorp is a leader in the Chinese building character toy market, focusing on providing consumers with a wide range of affordable and high-quality building character toy products through over 500 patented layouts, original IP capabilities, and non-exclusive partnerships with about 50 well-known IPs, achieving rapid growth. In 2023 and for the six months ended June 30, 2024, a majority of the company's revenue came from the sales of products based on Ultraman IP, accounting for 63.5% and 57.4% of the revenue respectively. According to Frost & Sullivan data, Blucor is the largest and leading role-playing toy company in China, achieving approximately RMB 1.8 billion GMV in 2023. It is also a fast-growing toy company, with a GMV growth of over 170% in 2023. Use of Proceeds Bruco is expected to...
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Futu News: $BLOKS (00325.HK)$ The IPO subscription will end at 9:00 a.m. on January 7th. The company plans to globally issue 24.1203 million shares and is expected to be listed on January 10th. As of the deadline, Bluco IPO has oversubscribed by over 440 billion Hong Kong dollars in the entire market, with the public offering portion oversubscribed by over 3000 times. Among them,Futu's real-time subscription amount has exceeded 250 billion Hong Kong dollars.，setting a new historical high(previously $MAO GEPING (01318.HK)$amounting to 90.5 billion Hong Kong dollars),Maximum 200 times leverage, unlimited financing amount are now open： Company Overview Blucorp is a leader in the Chinese building character toy market, focusing on providing consumers with a wide range of affordable and high-quality building character toy products through over 500 patented layouts, original IP capabilities, and non-exclusive partnerships with about 50 well-known IPs, achieving rapid growth. In 2023 and for the six months ended June 30, 2024, a majority of the company's revenue came from the sales of products based on Ultraman IP, accounting for 63.5% and 57.4% of the revenue respectively. According to Frost & Sullivan data, Blucor is the largest and leading role-playing toy company in China, achieving approximately RMB 1.8 billion GMV in 2023. It is also a fast-growing toy company, with a GMV growth of over 170% in 2023. Use of Proceeds Bruco is expected to...
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Futu News: $BLOKS (00325.HK)$ The IPO subscription will end at 9:00 a.m. on January 7th. The company plans to globally issue 24.1203 million shares and is expected to be listed on January 10th. As of the deadline, Bluco IPO has oversubscribed by over 440 billion Hong Kong dollars in the entire market, with the public offering portion oversubscribed by over 3000 times. Among them,Futu's real-time subscription amount has exceeded 250 billion Hong Kong dollars.，setting a new historical high(previously $MAO GEPING (01318.HK)$amounting to 90.5 billion Hong Kong dollars),Maximum 200 times leverage, unlimited financing amount are now open： Company Overview Blucorp is a leader in the Chinese building character toy market, focusing on providing consumers with a wide range of affordable and high-quality building character toy products through over 500 patented layouts, original IP capabilities, and non-exclusive partnerships with about 50 well-known IPs, achieving rapid growth. In 2023 and for the six months ended June 30, 2024, a majority of the company's revenue came from the sales of products based on Ultraman IP, accounting for 63.5% and 57.4% of the revenue respectively. According to Frost & Sullivan data, Blucor is the largest and leading role-playing toy company in China, achieving approximately RMB 1.8 billion GMV in 2023. It is also a fast-growing toy company, with a GMV growth of over 170% in 2023. Use of Proceeds Bruco is expected to...
Editor/Danial
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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