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IPO in HK makes founder of mystery toymaker Pop Mart a billionaire By WANG ZHUOQIONG | China Daily | Updated: 2020-12-12 10:45 Share CLOSE Pop Mart's mystery box products on show during an exhibition in Beijing. ZHAO YADAN/FOR CHINA DAILY Pop Mart International, a trendy toy maker, saw its shares rise by as much as 100 percent during its debut on the Hong Kong stock exchange on Friday and catapulted its founder Wang Ning into the billionaires' club. Shares of the Beijing-based company opened for trading at HK$77.1 ($9.95), nearly 100...

The founder of Pop Mart has seen his wealth surge as millions of Chinese buy collectible toys.

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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 platfor...

Chinese toy maker Pop Mart surges nearly 80% in Hong Kong debut By Scott Murdoch and Donny Kwok Customers are seen inside a store of Chinese toy maker Pop Mart at a shopping mall in Beijing HONG KONG (Reuters) – Chinese toy maker Pop Mart International Group made a stellar debut on the Hong Kong stock market on Friday, closing nearly 80% higher than its issue price to end the day with a market capitalisation of $12.5 billion. The firm, which sells the ‘Molly’ doll and figurines wildly popular among China’s cashed-up millennials, had opened 100% higher in the initial burst...