香港分所
Jingtian & Gongcheng Advises POP MART on its Hong Kong IPO and Listing
Date:2020-12-11

On December 11, 2020, POP MART International Group Limited ("POP MART", Stock Code: 09992.HK) completed its IPO and listing on the Main Board of the Hong Kong Stock Exchange (HKEX), raising approximately HKD 5.25 billion at HKD 38.5 per share. The company's stock soared to HKD 77 shortly after trading started, up 100% from the subscription price of HKD 38.5, and topped with a market capitalization of HKD 100 billion on its first trading day.

 

POP MART is a well-established,  popular, retail brand in China. With products based upon the concept of "Igniting passion and delivering joy", the company is engaged in trending product sales, development and licensing, interactive entertainment, and related exhibitions. With its trademark brands including Molly, Dimoo, and Labubu, the company has opened over 130 retail stores and over 1,000 roboshops across the country. As per Frost & Sullivan, Pop Mart is China's largest and fastest-growing pop culture company that focuses on IP operations and has an integrated pop toy platform.

 

As the Chinese legal adviser to the issuer, Jingtian & Gongcheng provided one-stop, end-to-end legal services for the IPO and listing of POP MART. This includes red-chip restructuring, legal due diligence and legal compliance, prospectus review and revision, providing Chinese legal opinions, and responding to regulatory inquiries from HKEX.

微信公众号 ×

使用“扫一扫”即可添加关注