Toy market news

Chinese toymaker Pop Mart launches US$590 million IPO to fund expansion

Pop Mart is China’s largest and fastest-growing ‘pop toy’ company by retail value last year with a market share of 8.5 per cent, according to Frost & Sullivan.

Pop Mart International Group, the largest and fastest-growing pop toy company in China, aims to raise nearly US$590 million from its Hong Kong initial public offering.

The Beijing-based company plans to sell 135.7 million new shares to global investors, of which 16.3 million shares will be offered to the general public. The indicative price range is HK$31.5 to HK$38.5.

scmp.com