📈 Business
·
Bloomberg
·
Pop Mart Launches Record Buyback After Biggest-Ever Stock Plunge
Pop Mart International Group launched its largest-ever share buyback program after its stock suffered a record plunge. Investor concerns were focused on the company's heavy reliance on its Labubu doll product line for growth. The buyback aims to restore market confidence in the Chinese toy and collectibles brand.
Pop Mart International Group Ltd. undertook its largest buyback ever in a move to bolster confidence after a record stock plunge spurred by concerns over its reliance on Labubu dolls for growth.