In today’s briefing:
- Bloks Group Likely To Price IPO at High End of Range: What To Expect From First Trading-Day?
- CaoCao Pre-IPO: Scaling up but a Cash Infusion Is Required
Bloks Group Likely To Price IPO at High End of Range: What To Expect From First Trading-Day?
- 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.
CaoCao Pre-IPO: Scaling up but a Cash Infusion Is Required
- CaoCao Inc (1646553D CH) is looking to raise up to US$300m in its upcoming Hong Kong IPO.
- It is a ride hailing platform in China originally incubated by Geely Group connecting passengers and drivers to deliver consistent and high-quality ride experiences.
- In this note, we look at the firm’s past performance.
💡 Before it’s here, it’s on Smartkarma
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