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Hong Kong Exchanges and Clearing (0388) noted that the status card of mainland toy maker Bloks’ initial public offering was inaccurately displayed on the digital IPO platform FINI, and confirmed that the process remains on track following the prescribed timetable set out in its prospectus.
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Bloks is set to debut on Friday, January 10, under the code 0325, but several brokers noted that FINI shows the listing date as Monday, January 13, sparking speculation about a possible delay.
Bloks closed its retail book on Tuesday, the same day FINI also experienced technical issues, with some brokers encountering system failures when submitting share applications.
HKEX responded that the issue is not related to system capacity and will continue to look into the matter.
Hui Yik-bun, chief executive of Bright Smart Securities, suggests HKEX should conduct regular market tests to accommodate a potentially active IPO market in the future.
The status cards with respect to all other in-flight IPOs remain accurate on the FINI system, HKEX stated.
(Melody Chen)
