China Toymaker Joins Global IPO 1st-Day Pop Party with 112% Jump


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(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, the sec ond-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. Flush with cash and hunting for yield as interest rates stay low, investors...