Davis Polk & Wardwell and Jingtian & Gongcheng have advised Pop Mart International Group on its HK$5.2 billion ($674 million) Hong Kong IPO, with Simpson Thacher & Bartlett and King & Wood Mallesons representing the joint sponsors and the underwriters.

Pop Mart has established an integrated platform covering the entire industry chain of pop toys, including artists development, IP operation, consumer access and pop toy culture promotion.

According to Reuters, the IPO had been under consideration for at least a year, but the company and its advisors held off until the coronavirus pandemic passed in China.

The Davis Polk team was led by partners Li He and Yang Chu.

To contact the editorial team, please email ALBEditor@thomsonreuters.com.