China's Pop Culture Group, a promoter of hip-hop, sees shares soar 358% in trading debut

Dow Jones2021-07-01

MW China's Pop Culture Group, a promoter of hip-hop, sees shares soar 358% in trading debut

Shares of Pop Culture Group Co. Ltd. $(CPOP)$, a Chinese company that promotes hip-hop culture, soared 358% in their trading debut Wednesday. The company sold 6.2 million shares at $6 each. The stock was last quoted at $27.51. "Through our services, we aim to promote hip-hop culture and its values of love, peace, unity, respect, and having fun, and to promote cultural exchange with respect to hip-hop between the United States and China," the company said in its IPO filing documents. "We do this mainly by delivering event experiences with significant hip-hop elements to the younger generation." Proceeds of the deal will be used to develop online content, to develop a street dance training business, for events and general corporate purposes.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

发表看法
16