Stephen Gandel, Columnist

Funko Extends Playtime to Its Accounting

IPO prospectus gives a lesson in make-believe.

November 2, 2017 at 2:17 PM UTC

Stephen Gandel is a former Bloomberg Opinion columnist covering banking and equity markets. He was previously a deputy digital editor for Fortune and an economics blogger at Time. He has also covered finance and the housing market.

1509628102_GettyImages-495912752 — Photographer: Robyn Beck/AFP/Getty Images

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Funko, the purveyor of 2017's version of bobble-head dolls, appears to have a big head when it comes to its financial results.

Shares of the company priced on Wednesday night at $12 and are scheduled to begin trading on Thursday morning. The pricing was below the indicated range of $14 to $16, but even that may have been too high.