Pop Mart's stock price hits three new highs in a week

摘要：On the afternoon of June 11th, Pop Mart set an all-time high of HK$270 per share during trading, with a 4.33% increase, doubling t

Following the sale of the "globally unique" mint-colored Labubu for an astounding 1.08-million-yuan, Pop Mart's stock price completed a "hat-trick" of hitting new highs in the past week.

On the afternoon of June 11th, Pop Mart set an all-time high of HK$270 per share during trading, with a 4.33% increase, doubling the company's share price for the year. As the Hong Kong stock market closed, Pop Mart closed at HK$269.8 per share, reaching a market value of HK$362.3 billion.

This means that within just three trading days this week, Pop Mart's market value surged from HK$336.8 billion to HK$362.3 billion, a rise of HK$25.5 billion, averaging an increase of HK$8.5 billion per day.

Globally, in terms of market capitalization, Pop Mart's valuation exceeding HK$360 billion has propelled it to become the world's third-largest IP company, easily surpassing Sanrio of Japan, known for "Hello Kitty," and Bandai Namco Entertainment Inc. which holds popular IPs like Ultraman and Dragon Ball.

According to financial reports, Pop Mart plans to expand its number of stores outside of China to approximately 230 by the end of the 2025 fiscal year (ending in December this year), an increase of 80% from the previous fiscal year.

CCB International released a research report stating that Pop Mart will launch "Wonderful Supermarket" series figuresof THE MONSTERS (Labubu) in the United States on the morning of June 13th. The institution believes this will become another global trend in the collectibles marketand drive the group's growth in the coming quarters.

In Guangzhou, also on June 13th, THE MONSTERS wacky mart series will kick off its first exhibition in South China.