IndustryKayou Files for HKSE IPO, Morgan Stanley Leads Underwriters
Kayou Limited filed a prospectus for listing on the Main Board of the HKSE on January 26, 2024, with Morgan Stanley, CICC, and JPMorgan as joint underwriters.
Results, operating data, funding and IPOs.
Summaries are AI-generated
Kayou Limited filed a prospectus for listing on the Main Board of the HKSE on January 26, 2024, with Morgan Stanley, CICC, and JPMorgan as joint underwriters.
Blokees Group has filed a prospectus with the Hong Kong Stock Exchange for a main board listing. The company reported 877 million yuan in revenue in 2023 and accumulated losses exceeding 1.1 billion yuan from 2021 to 2023. The prospectus highlights the company's heavy reliance on licensed IPs like Ultraman and Transformers, with some licensing periods expiring soon.
Kayou Limited filed a prospectus with the HKEX on January 26, 2024, for listing on the Main Board. While its 2019 revenue exceeded 4 billion yuan, card business revenue fell 46.55% year-on-year in the first nine months of 2023, and stationery business revenue dropped 51.87%.
Kayou filed a prospectus on Jan 26 to list on the Main Board. Q3 2023 trading card sales dropped 49.44% YoY to 1.04 billion packs, with revenue of 1.952 billion yuan, heavily reliant on the Ultraman series.
Shares of Mattel and Hasbro plummeted in early trading on Thursday as the two toymakers warned of soft sales during the key holiday shopping season.
Domestic brands like Blokees, Senbo, and Pinqi have received multiple rounds of funding, with Senbo securing over 100 million yuan in January. The article compares sales on JD and Taobao, noting LEGO dominates the high-end market while domestic brands still lag in price and brand recognition.
ToyCity recently closed a nearly 100 million yuan A+ round led by Meic Capital, with Unison Capital following. The brand focuses on wearable devices and operates its own factory, planning to use funds for IP incubation and brand promotion.
Bandai Namco reported consolidated net sales of ¥1.35 trillion for FY2026, up 8.6% year-on-year. Operating profit reached ¥189.5 billion, and the company maintained a 17% return on equity and a 14.1% operating margin.
POP MART stock jumped 12% to HK$5 on Tuesday. The company disclosed its 2021 Q3 operational data for the first time.
Motivated by a shrinking consumer base, higher development costs, Bandai and Namco have announced a merger.