A breakout product, the Labubu Doll owned by Pop Mart- is sweeping the global retail world. Such is the huge demand for the doll that a human-size Labubu was recently sold for US$150,000!
This trend was wholly unexpected, and it created a monster move in Pop Mart’s share price.
The LABUBU Doll craze has lifted the Popmart (9992.HK) share price up 12x in a little over 15 months, the company is now worth a stunning $46 billion! As long as Labubu is in demand everywhere, the trend here seems unstoppable. Potentially the next target is HK$300; however, a correction from there is not to be ruled out, if demand suddenly stops.
How do you buy Pop Mart shares in the UK?
There are several ways to buy Pop Mart shares in the UK.
One way is to purchase the company’s Hong Kong-listed shares. These trade under ticker 9992.HK. Not many brokers in the UK offer access to these shares. Those that do include interactive investor and eToro.
A second way is to buy Popmart’s US-listed ADR (American Depositary Receipt) shares. These trade under ticker PMRTY on the OTC Markets (OTCMKTS). Several brokers in the UK offer access to these shares. These include Hargreaves Lansdown, IG, and Saxo.
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