Pop Mart International IPO: Valuation First Look
Pop Mart is seeking to raise $600 million (double the original $200-300 million target) at a $7 billion valuation, according to Reuters. We think...
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Pop Mart International IPO Initiation: State of Play
POP MART (POP HK) is the largest and fastest-growing pop toy company in China, as measured by revenue in 2019 and revenue growth from 2017 to 2019,...
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Pop Mart Pre-IPO - Peer Set and Valuation
POP MART (POP HK) plans to raise around US$200-300m in its Hong Kong IPO.Pop Mart (PM) is the largest and fastest growing pop toy company in...
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BZUN Q1 Preview: Eroding GMV Quality, Margin Squeeze by Top Customers
Our negative view on Baozun Inc. (BZUN US) stems from the company’s declining profit margin due to eroding pricing power to key customers, and...
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Best Ideas List for January 2019
The Best Ideas list is a compilation of stock ideas sourced from Morningstar’s global equity research team. With more than 100 analysts covering...
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