Shares of Chinese toymaker Pop Mart opened 100 percent higher in its Hong Kong stock market debut on Friday.
The Beijing-based company priced its IPO shares at HK$38.50 ($4.97) in the deal, as it sought to raise $676 billion through the sale of 135.7 million new shares.
Established in 2010, the culture and entertainment company focuses on IP incubation and trendy products. It became popular with blind box, where buyers have no idea what toys they're getting.
(Cover image: A Pop Mart chain store in Beijing, December 6, 2020. /CFP)
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