Pop Mart Holder Sells $97 Million Stake on Heels of Other Sale

An investor in Pop Mart International Group Ltd., whose fans include K-pop band Blackpink’s Lisa, raised $97 million by selling the stock soon after another sale of the Chinese toy company’s shares earlier this week.

The undisclosed shareholder sold four million shares at HK$187.99 each late Wednesday, a 3% discount to that day’s closing price, according to terms of the deal seen by Bloomberg News. The block trade came just a day after an undisclosed seller offloaded a similar number of shares in a separate deal. In both trades there was no lock-up on the vendor.

The share placements ...