China toymaker joins global IPO first-day pop party with 112% jump

HONG KONG (BLOOMBERG) – A Chinese maker of toys encased in “mystery boxes” is the latest company to join the global initial public offering (IPO) first-day pop party. Shares in Pop Mart International Group, whose offerings include rabbit figurines with monster teeth, jumped as much as 112 per cent on their debut on Friday (Dec 11), the second-best this year for IPOs over US$500 million (S$666.6 billion) in Hong Kong. That’s a day after home rental platform Airbnb saw its valuation balloon to about US$100 billion on its trading debut in the US. Flush with cash and hunting for yield…