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China Toymaker Joins Global IPO 1st-Day Pop Party with 79% Jump
Bloomberg
12/11/2020
© Photographer: Chen Yuyu/VCG/Getty images
Pop Mart shop in Shanghai.
(Bloomberg) A Chinese maker of toys encased in “mystery boxes” is the latest company to join the global initial public offering first-day pop party.
Shares in Pop Mart International Group Ltd., whose offerings include rabbit figurines with monster teeth, jumped as much as 112% on their debut on Friday before closing up 79%, the third-best this year for IPOs over $500 million in Hong Kong. That’s a day after home rental platform Airbnb Inc. saw its valuation balloon to about $100 billion on its trading debut in the U.S. ....

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