Pop Mart International Group (09992.HK), founded in 2010, is one of China’s largest and fastest-growing toymakers. It plans to raise funds from HK$4.27 billion (US$550 million) to HK$5.22 billion(US$673 million) via a Hong Kong stock market listing.
The top toy maker aims to sell 136 million new shares, of which 16.3 million shares will be offered to the general public and 116 million shares for international placement, according to the listing documents. The indicative price range is HK$31.5 to HK$38.5.
The shares are expected to be listed on December 11, and the joint sponsors are Morgan Stanley and CITIC Securities. For individual investors, the entry fee is $7,777.6 per board lot of 200 shares.
In the first half of 2020, Pop Mart's total revenue reached $818 million yuan, a year-on-year increase of 50.5%, and the net profit was $141 million yuan.
