Pop Mart shares surge 12% after CEO says mini Labubus could launch as soon as this week

Shares of Labubu maker Pop Mart surged nearly 12% Wednesday after the company announced it would soon launch mini versions of its wildly-popular dolls as early as this week.Pop Mart CEO Wang Ning said during an earnings call that the new mini Labubu monsters will be made to hang off phones. The stock, which trades on the Hong Kong exchange, soared 11.9% to close at $40.75 — the highest level since Pop Mart went public in 2020. 3 Pop Mart announced it would soon launch mini Labubu dolls. APPrevious new rel ...