A hydrogen listing, and a new China toy story

A young company called Scage is close to listing in New York through a backdoor SPAC merger. Is it really worth the high valuation it's seeking? And 52Toys has hired an investment bank for a Hong Kong IPO. Will it be able to sell investors on its toy story of rapid expansion and hot collectibles?

BRIEF:Bloks surges in Hong Kong trading debut

Shares of assembly character toymaker Bloks Group Ltd. (0325.HK) surged in their Hong Kong trading debut on Friday, opening up 82% at HK$109.60. The shares later gave back some of…

BRIEF: Bloks Group approved for Hong Kong listing

Assembly character toymaker Bloks Group Ltd. posted a new post-hearing information packet on Sunday related to its Hong Kong listing application, indicating its IPO plan has been approved by the…