Pop Mart shares jump 100% in Hong Kong IPO debut By


Source: upnewsinfo.com upnewsinfo.com

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© . Customers are seen inside a store of Chinese toy maker Pop Mart at a shopping mall in Beijing By Scott Murdoch and Donny Kwok HONG KONG () – Pop Mart shares opened 100% higher in its Hong Kong stock market debut on Friday after the Chinese toy maker raised $676 million in an initial public offering (IPO). The company priced its IPO shares at HK$38.50 in the deal that was hotly contested by institutional and retail investors. Pop Mart’s shares opened at HK$77.10, outpacing the broader which is trading up 0.7% in the final session of the week....