Pokémon card curbs send shares of Japanese online marketplace Mercari on a bumpy ride
Mercari shares are clawing back losses after Pokémon card listing restrictions triggered a selloff earlier this week.
TL;DR
- Mercari shares increased over 4% on Friday, recovering from a selloff initiated by restrictions on Pokémon card listings.
- The company imposed temporary listing restrictions due to concerns about trading disputes and user harassment stemming from increased transactions.
- Citibank views Mercari's recent share weakness as an investment opportunity, labeling the stock as 'oversold'.
- The restrictions were implemented following a global boom in Pokémon card trading, with prices surging and high-value sales reported.
- Mercari has a prior agreement with The Pokémon Company to promote safer trading and has policies to restrict listings that threaten marketplace safety.