News Snapshot:
December 11, 2020 By Scott Murdoch and Donny Kwok HONG KONG (Reuters) – 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 Hang Seng Index which is trading up 0.7% in the final session of the week. Pop Mart’s main product is “mystery†toy boxes that each hold a single figurine...
