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Leading Designer Toy Stock, Pop Mart, Listed on HKEX
December 11, 2020 GMT
BEIJING, Dec. 11, 2020 /PRNewswire/ Pop Mart International Group Limited (Pop Mart) (stock code: 9992.HK) was officially listed on the main board of Hong Kong Exchanges and Clearing Limited (HKEX) with an issuing price of HKD 38.50 per share, becoming the leading designer toy stock in China.
As defined by a report by Frost & Sullivan, designer toys are toys that skillfully incorporate pop culture. Based on 2019 revenue and revenue growth from 2017-2019, Pop Mart has become China’s largest and fastest-growing designer toy company. According to 2019 retail sales figures, it made up 8.5% of the Chinese designer toy market.
Loyal Valley Capital Achieves 11 IPOs In 2020 With Pop Mart Listing In Hong Kong - Leading Designer Collectibles Maker Pop Mart Becomes Latest Fast-Growth Chinese Company To Stage IPO After Backing From Shanghai-Based Private Equity Firm Loyal Valley Capital Date
11/12/2020
Private equity firm Loyal Valley Capital announces that the Pop Mart Initial Public Offering on the Hong Kong Stock Exchange (HKEX) has become the eleventh IPO among its investment portfolio in 2020. Loyal Valley Capital has invested a total of $87.5m in Pop Mart and led its most recent funding round in early 2020, alongside other investors such as Sequoia Capital, which saw the company raise over US$100m.