Funko (FNKO) priced 10.4M shares at $12.00. The deal size was reduced to 10.4M shares from 13.3M shares and priced below the $14.00-$16.00 range. Goldman Sachs, JPMorgan and BofA/Merrill acted as joint book running managers for the offering.
Funko, a pop culture consumer products company, announced that it has commenced an initial public offering of 13,333,334 shares, approximately 11,606,216 of which are being offered by Funko and approximately 1,727,118 of which are being offered by certain selling stockholders. The initial public offering price is currently estimated to be between $14.00 and $16.00 per share on the Nasdaq. Goldman Sachs, J.P. Morgan and BofA Merrill Lynch are serving as joint lead book-running managers and as representatives of the underwriters for the proposed offering. Piper Jaffray and Jefferies are also acting as joint book-running managers for the proposed offering.Stifel, BMO Capital Markets, and SunTrust Robinson Humphrey are acting as co-managers for the proposed offering.