Pop Culture Group Co., Ltd
| General Information | |
| Business: | Through our services, we aim to promote hip-hop culture and its values of love, peace, unity, respect and having fun, and to promote a cultural exchange with respect to hip-hop between the United States and China. We do this mainly by delivering event experiences with significant hip-hop elements to the younger generation. With the values of hip-hop culture at our core and the younger generation as our primary target audience, we host entertainment events, operate hip-hop related online programs, and provide event planning and execution services and marketing services to corporate clients. We seek to create value for stakeholders in all parts of the hip-hop ecosystem, from fans to artists, corporate clients, and sponsors. We have in recent years focused on developing and hosting our own hip-hop events. We own an extensive portfolio of intellectual property rights related to hip-hop events, including a stage play, three dance competitions or events, two cultural and musical festivals, and two promotional parties that feature live hip-hop performances in karaoke bars or amusement parks to promote hip-hop culture, and we cooperate with music companies and artists to host various concerts in China; starting from March 2020, we have been developing and operating hip-hop related online programs (collectively, “Event Hosting”). Our concerts and hip-hop events generated an aggregate attendance of 122,000 and 127,930 during the fiscal years ended June 30, 2019 and 2020, respectively, and our online hip-hop programs generated over 100 million views between March 2020 and June 30, 2020. (Pop Culture Group upsized its IPO at pricing on June 29, 2021: 6.2 million shares, up from 6.0 million shares in the prospectus, were priced at $6 – the top of its $4-to-$6 range – to raise $37.2 million.) |
| Industry: | Services - Amusement & Recreation Services |
| Employees: | 34 |
| Founded: | 2007 |
| Contact Information | |
| Address | Room 102, 23-1 Wanghai Road Xiamen Software Park Phase 2 Siming District, Xiamen City, Fujian Province The People’s Republic of China |
| Phone Number | +86-592-5968189 |
| Web Address | http://www.popinter.cn |
| View Prospectus: | Pop Culture Group Co., Ltd |
| Financial Information | |
| Market Cap | $108.54mil |
| Revenues | $15.69 mil (last 12 months) |
| Net Income | $2.63 mil (last 12 months) |
| IPO Profile | |
| Symbol | CPOP |
| Exchange | NASDAQ |
| Shares (millions): | 6.2 |
| Price range | $6.00 - $6.00 |
| Est. $ Volume | $37.2 mil |
| Manager / Joint Managers | Network 1 Financial Securities/ Valuable Capital |
| CO-Managers | - |
| Expected To Trade: | 6/30/2021 |
| Status: | Priced |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |