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HONG KONG, Dec. 10, 2020 /PRNewswire/
China Renaissance ( China Renaissance , stock code: 1911.HK) served as the joint global coordinator for the successful initial public offering ( IPO ) of
Pop Mart International Group Limited ( Pop Mart or the Company , stock code: 9992.HK) on the Hong Kong Stock Exchange. Pop Mart raised approximately HK$6.01 billion with a total of 156 million shares (including the overallotment option) priced at HK$38.5 per share.
Pop Mart, China s largest and fastest-growing pop toy company[1], intends to use the net proceeds raised to expand the Company s consumer access channels and overseas markets, fund its potential investments in, acquisitions of and strategic alliance with companies along the industry value chain, invest in technology to strengthen its marketing and fan engagement efforts, and enhance the digitalization of its business while further expanding its intellectual property ( IP ) pool. With Intellectual Property ( IP ) o