Top Toy
Posted: Mon Oct 13, 2025 9:22 amnot vested
Will Top Toy knock Pop Mart off its throne?
Top Toy has filed for an IPO
China’s third largest pop toy seller, a spinoff of Japanese-style retailer Miniso, has filed for a Hong Kong IPO just five years after its founding
Key Takeaways:
Miniso spinoff Top Toy has filed to list in Hong Kong, aiming to leverage its parent’s network of 7,000 global stores as it seeks to copy Pop Mart’s success
A $1.3 billion valuation and growing stable of self-developed intellectual property could boost the toymaker’s chances of success in an increasingly crowded field
Source: Bamboo Works
https://thebambooworks.com/will-top-toy ... ts-throne/
Will Top Toy knock Pop Mart off its throne?
Top Toy has filed for an IPO
China’s third largest pop toy seller, a spinoff of Japanese-style retailer Miniso, has filed for a Hong Kong IPO just five years after its founding
Key Takeaways:
Miniso spinoff Top Toy has filed to list in Hong Kong, aiming to leverage its parent’s network of 7,000 global stores as it seeks to copy Pop Mart’s success
A $1.3 billion valuation and growing stable of self-developed intellectual property could boost the toymaker’s chances of success in an increasingly crowded field
Source: Bamboo Works
https://thebambooworks.com/will-top-toy ... ts-throne/