Comment on Could Funko Become the Next Hasbro or Mattel?

Could Funko Become the Next Hasbro or Mattel?

Pop culture collectibles company Funko (NASDAQ: FNKO) went public at $12 per share last November, which was well below its intended range of $14 to $16. The stock then plunged over 40% to $7 on the first day, marking the worst public debut of an IPO in 17 years.Funko generated decent sales growth, but many investors were worried about its high debt levels and its dependence on high-royalty franchises.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News