Renaissance Capital logo

FNKO News

US IPO Weekly Recap: Year's largest biotech headlines 6-IPO week

DNLI

Led by the largest biotech IPO since June 2015, six companies raised $827 million this past week. Biotech Denali Therapeutics raised $250 million, making it the largest biotech IPO of year by both deal size and market cap. The week also included pricings...read more

US IPO Weekly Recap: No Pop! for Funko in 9 IPO week

ALTR

Average first day pops ranged from -41% to +41% as nine deals raised a combined $2.1 billion this week. High-end software provider Altair was the top performer, returning 41% on its market debut, as investors valued its sticky...read more

Funko plummets 41% in biggest IPO drop since 2000

Funko logo

Pop culture figurine maker Funko (FNKO) fell 41% on Thursday to close at $7.07. That gave it the worst first-day return for an IPO in 17 years, since June 2000 financial services IPO eChapman.com (-43%). Funko priced a downsized IPO at $12 per...read more

Funko prices downsized IPO well below the range at $12

Funko logo

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...read more