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Funko prices downsized IPO well below the range at $12

November 1, 2017
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Funko, which designs and sells licensed pop culture figures, collectibles and accessories, raised $125 million by offering 10.42 million shares (100% primary) at $12. It originally planned to offer 13.3 million shares (13% insider) at a price range of $14 to $16. Funko plans to list on the Nasdaq under the symbol FNKO. Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Piper Jaffray and Jefferies acted as lead managers on the deal.