07:20 AM EDT, 06/04/2025 (MT Newswires) -- (Update to add UBS' comment in the fourth paragraph)

Miniso ( MNSO ) has selected JPMorgan Chase ( JPM ) and UBS (UBS) to lead the planned Hong Kong initial public offering of its toy unit, Top Toy, Bloomberg reported Wednesday, citing unnamed sources familiar with the matter.

The report said the company is also seeking new investors for Top Toy, including potential backing from sovereign wealth funds, ahead of the offering.

Additional banks may be brought on board for the IPO, the sources said.

UBS declined to comment, while Miniso ( MNSO ) and JPMorgan ( JPM ) did not immediately respond to MT Newswires' requests for comment.

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