Funko, which makes figurines and other merchandise based on pop culture brands, announced terms for its IPO on Monday.
The Everett, WA-based company plans to raise $200 million by offering 13.3 million shares (13% insider) at a price range of $14 to $16. At the midpoint of the proposed range, Funko would command a fully diluted market value of $735 million.
Funko was founded in 1998 and booked $454 million in sales for the 12 months ended June 30, 2017. It plans to list on the Nasdaq under the symbol FNKO. Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Piper Jaffray and Jefferies are the joint bookrunners on the deal. It is expected to price during the week of October 30, 2017.
